FOREIGN investors extended their net selling streak on Bursa Malaysia for their 20th consecutive week with an escalated net outflow at -RM881.5 mil during the trading week of March 3-7 (Feb 24-28: -RM562.0 mil).
Foreign investors were net sellers on every trading day with Friday (March 7) witnessing the heaviest outflow at –RM310.0m while on the outflows on other days ranged from -RM68.1 mil to -RM189.4 mil, according to MIDF Research.
“The top three sectors that recorded net foreign inflows were technology (RM40.0 mil), telecommunications & media (RM26.2 mil) and plantation (RM10.1 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 (-RM407.0 mil), consumer products & services (-RM215.1 mil) and utilities (-RM167.1 mil).”
On the contrary, local institutions continued to support the local bourse for the 20th consecutive week with a substantial RM617.3 mil inflow into domestic equities.
Likewise, local retail investors continued their net buying streak for the fourth successive week with a net inflow of RM264.2 mil or a slight decrease from RM447.9 mil the prior week.
The average daily trading volume (ADTV) saw declines across the board except for local institutions. Foreign investors and local retail experienced a decline of -35.6% and -3.0% respectively while local institutions saw an incline of +1.2%.
In comparison with another four Southeast Asian markets tracked by MIDF Research, the the Philippines led the region with a hefty net inflow of US$6.94 bil to reverse three weeks of outflows.
However, Thailand posted a net outflow of -US$129.1 mil to mark the second straight week of withdrawals while Vietnam incurred a -US$30.3 mil net outflow to extend its losing streak to a fifth week.
Elsewhere, Indonesia posted a net outflow of -US$27.8 mil which is its seventh consecutive week of foreign withdrawals.
The top three stocks with the highest net money inflow from foreign investors last week were Public Bank Bhd (RM86.6 mil), KPJ Healthcare Bhd (RM75.9 mil) and RHB Bank Bhd (RM74.8 mil). – March 10, 2025
