FOREIGN investors extended their selling streak on Bursa Malaysia to the 19th consecutive week during the Feb 24-28 trading period with a significantly larger net outflow of -RM1.27 bil from the previous week’s -RM562.0 mil.
Their selling pressure persisted throughout the week with Friday (Feb 28) witnessing the heaviest outflow at -RM646.2 mil, according to MIDF Research.
“The only sectors that recorded net foreign inflows were construction (RM24.1 mil), telecommunication & media (RM14.7 mil) and REIT’s (RM6.7 mil),” observed the research house in its weekly fund flow report.
“Meanwhile, the top three sectors that recorded the highest net foreign outflows were financial services (-RM362.1 mil), consumer products & services (-RM314.9 mil) and utilities (-RM255.1 mil).”
In contrast, local institutions remained a pillar of support by marking their 19th successive week of net buying with a substantial RM817.4 mil net inflow into domestic equities, up from RM316.3 mil in the previous week.
Likewise, local retail investors continued their net buying streak for the third week running with a net inflow of RM447.9 mil which was also a significant jump from RM245.7 mil in the previous week.
The average daily trading volume (ADTV) saw broad-based increases. Foreign investors experienced a sharp surge of +80.3% while local institutions saw a 5.8% uptick. Meanwhile, local retail investors recorded a modest decline of -1.6%.
In comparison with another four Southeast Asian markets tracked by MIDF Research, all four incurred net outflows with Indonesia topping the list with -US$622.3 mil which marked its sixth straight week of foreign withdrawals.
Thailand also saw a reversal of a net foreign buying trend with a -US$300.3 mil net outflow while Vietnam recorded a -US$99.0 mil net outflow to extend its losing streak to four weeks and the Philippines posted a -US$83.3 mil net outflow for its third week in a row of foreign exit.
The top three stocks with the highest net money inflow from foreign investors last week were RHB Bank Bhd (RM48.9 mil), Sunway Bhd (RM23.2 mil) and Public Bank Bhd (RM20.9 mil). – March 3, 2025
