KUALA LUMPUR: Foreign investors extended their selling streak on Bursa Malaysia for the eighth consecutive week, recording outflows of RM882.4mil — the second-largest weekly outflow in the last six weeks.
According to MIDF's weekly fund flow report, every trading day saw net foreign outflows, with the largest outflow of RM351.2mil recorded on Thursday.
The heaviest outflow was recorded on Thursday, followed by Wednesday at RM273.2mil, Tuesday at RM120.4mil, Monday at RM90.9mil, and Friday at RM46.7mil.
“Based on data available up until Dec 12, the only sectors that recorded net foreign inflows were construction (RM50mil), healthcare (RM17.5mil), and property (RM10mil).
“Meanwhile, the sectors that recorded the highest net foreign outflows were financial services (-RM318.1mil), utilities (-RM234.4mil), and technology (-RM76.7mil),” MIDF said.
Local institutions remained the primary supporters of the local bourse, recording a net inflow of RM995.5mil. There were no outflows in the entire week from this investor class, with Wednesday and Thursday seeing the highest inflows at RM264mil and RM352.2mil respectively.
Meanwhile, local retailers remained net sellers last week, recording outflows of RM113.1mil, which were 2.65 times smaller than the previous week’s outflows.
While outflows were recorded every day except Wednesday, which saw an inflow of RM9.2mil, the heaviest outflow was on Friday, amounting to RM83mil.
The average daily trading volume (ADTV) declined across all investor categories last week. Foreign investors and local institutional investors recorded decreases of 20.5% and 8.3% respectively, while local retail investors saw a decline of 14.4%.
