KUALA LUMPUR: Foreign investors returned to Bursa Malaysia after five weeks of selling, recording a strong net inflow of RM477.3mil and helping trim year-to-date outflows to RM18.75bil, according to CIMB Securities.
“Local nominees turned net buyers of RM36.3mil last week, reversing their net sell position of RM2.4mil the preceding week.
“In contrast, local institutional investors turned net sellers of RM330.5mil after five weeks in a net buying position,” CIMB Securities said in a report.
Meanwhile, local retail investors remained net sellers for a second consecutive week, although net outflows fell 18.8% week-on-week to RM158.5mil.
It noted that proprietary investors also turned net sellers, recording net outflows of RM24.3mil last week.
CIMB Securities said that between Nov 7 and 13, foreign investors recorded their largest net buying in the consumer sector at RM203.7mil, followed by the industrial sector at RM196.1mil and the financial services sector at RM194.1mil.
Press Metal
, Genting Malaysia and Maybank were their top three net purchases during the period.
“In contrast, they were net sellers of Kuala Lumpur Kepong, YTL Power, and YTL.”
Local institutional investors were the biggest net sellers in the industrial products, financial services, and plantation sectors, with Press Metal, Maybank, and SD Guthrie as their top three net sells.
However, they were net buyers in the utilities, telecommunications and REIT sectors, with inflows of RM124mil, RM60mil and RM52mil respectively, and KL Kepong, Tenaga Nasional and Public Bank emerging as their major net buys.
Meanwhile, retail investors were significant net sellers in the consumer and telco and media sectors, disposing RM230.4mil and RM17.5mil respectively, with Genting Malaysia, CIMB and Tenaga Nasional emerging as their top three net sells.
