FOREIGN investors continued to sell equities on Bursa Malaysia for the 15th consecutive week during the shortened Jan 27-31 trading period although the pace of net outflows slowed to -RM503.3 mil from the previous week’s -RM701.4 mil.
They emerged net sellers during the Chinese New Year (CNY) festivity week with Monday (Jan 27) experiencing the largest net outflow of -RM265.9 mil while Tuesday (Jan 28) and Friday (Jan 31) posted net selling of -RM196.9 mil and -RM40.5 mil respectively.
“The top three sectors that recorded net foreign inflows were financial services (RM38.1 mil), REITs (RM2.3 mil) and telecommunication & media (RM1.9 mil),” observed MIDF Research in its weekly fund flow report.
“Meanwhile, the top three sectors that recorded the highest net foreign outflows were utilities (-RM256.9 mil), property (-RM63.3 mil) and industrial products and services (-RM50.1 mil).
On the contrary, local institutions continued to support the local bourse for 15th successive week with net purchases totalling RM149.4 mil in domestic equities.
“They net bought on two out of the three trading days last week to end a 48-day streak of consecutive trading day inflows with an outflow of -RM37.9 mil on Friday (Jan 31),” noted the research house.
Likewise, local retail investors extend the buying streak to four consecutive weeks on Bursa Malaysia with an increased net purchase of RM353.9 mil which was 2.36 times higher than the previous week’s inflow.
The average daily trading volume (ADTV) saw declines across the board last week. Foreign investors saw a decrease of -15.9% while local institutions and local retailers saw a decline of -25.7% and -15.4% respectively.
In comparison with another four Southeast Asian markets tracked by MIDF Research, the Philippines recorded the highest net inflow in the region at US$1.21 mil to reverse three straight weeks of outflows while Vietnam saw a modest net inflow of US$40,000 which extended its streak of net inflows to two weeks.
However, Indonesia experienced a net outflow of -US$6.22 mil last week which extended its streak of net outflows to two weeks while Thailand incurred a fifth week in a row of net outflows at -US$84.7 mil.
The top three stocks with the highest net money inflow from foreign investors last week were CIMB Group Holdings Bhd (RM95.5 mil), AMMB Holdings Bhd (RM16.1 mil) and Genting Malaysia Bhd (RM12.1 mil). – Feb 3, 2025
