FOREIGN investors continued to dump equities on Bursa Malaysia for the 14h consecutive week during the Jan 20-24 trading period although the pace of net outflows slowed to -RM701.4 mil from the previous week’s -RM1.33 bil.
They were net sellers on every trading day with Friday (Jan 24) experiencing the largest outflow at -RM300.5 mil, according to MIDF Research.
‘On the other (trading) days, the outflows range from -RM23.2 mil to -RM169.0 mil,” observed the research house in its weekly fund flow report.
The top three sectors that recorded net foreign inflows were financial services (RM33.8 mil), telecommunication & media (RM8.9 mil) and REITs (RM4.6 mil) while the top three sectors with the highest net foreign outflows were utilities (-RM222.4 mil), construction (-RM162.0 mil) and property (-RM112.9 mil).
In contrast, local institutions continued to support the local bourse for the 14th weeks in a row with net purchases amounting to RM551.6 mil in domestic equities.
They net bought every trading session last week and have been net buying for 46 consecutive trading days.
Likewise, local retail investors extended their buying streak to three successive weeks on Bursa Malaysia but with a smaller net purchase of RM149.9 mil (previous week: RM530.8 mil) in equities.
The average daily trading volume (ADTV) saw declines across the board last week. Foreign investors saw a decrease of -13.6% while local institutions and local retailers saw a decline of -8.7% and -5.5% respectively.
In comparison with another four Southeast Asian markets tracked by MIDF Research, only Vietnam saw a modest net inflow of US$5.0 mil to end a three-week outflow streak.
Elsewhere, Indonesia experienced a net outflow of -US$56.7 mil last week to reverse the previous week’s inflow as global market uncertainties influenced investor sentiment.
The Philippines posted a net outflow of -US$33.7 mil – its third consecutive week of foreign withdrawals – while Thailand experienced its fourth consecutive week of outflows at -US$23.1 mil.
The top three stocks with the highest net money inflow from foreign investors last week were CIMB Group Holdings Bhd (RM78.8 mil), Malayan Banking Bhd (RM68.4 mil) and AMMB Holdings Bhd (RM20.0 mil). – Jan 27, 2025
