FOREIGN investors extended their selling streak on Bursa Malaysia for the 26th consecutive week by recording a net outflow of -RM330.5 mil for the April 14-18 trading week which was significantly lower than the -RM1.97 bil in the previous week.
They were net sellers on every trading day except for Friday (April 14) which saw a net inflow of RM39.9 mil, according to MIDF Research.
“The heaviest outflow was recorded on Wednesday (April 16) at -RM153.6 mil while other days ranged between -RM16.2 mil and -RM120.6 mil,” observed the research house in its weekly fund flow report.
“Friday’s (April 18) net inflow came after a five-day streak of net outflows.”
The three sectors that recorded net foreign inflows were telco & media (RM119.5 mil), consumer products and services (RM34.4 mil) and property (RM2.45 mil).
The top three sectors that posted highest net foreign outflows were financial services (-RM96.6b mil), technology (-RM87.0 mil) and construction (-RM80.8 mil).
On the contrary, local institutions continued to provide a buffer against foreign selling with their 26th straight week of net buying with inflows amounting to RM356.2 mil.
However, local retail investors reversed their two-week buying trend by turning net sellers with an outflow of -RM25.7 mil.
The average daily trading volume (ADTV) saw a broad-based decrease of-48.7%, -56.7% and -47.2% for foreign investors, local institutions and local retailers respectively.
In comparison with another four Southeast Asian markets tracked by MIDF Research, only the Philippines posted a modest net inflow of US$6.5 mil to end its three-week selling trend.
However, Indonesia recorded a net outflow of -US$1.26 bil, its second successive week of sell-down.
Elsewhere, Vietnam posted -US$185.8 mil in net outflows to extend its losing streak to 11 weeks while Thailand recorded -US$26.9 mil in net outflows, its eighth straight week of foreign selling.
The top three stocks with the highest net money inflow from foreign investors last week were Telekom Malayasia Bhd (RM106.1 mil), RHB Bank Bhd (RM22.3 mil) and Farm Fresh Bhd (RM20.7 mil). – April 21, 2025
