FOREIGN investors extended their selling streak on Bursa Malaysia last week for the 17th successive week with a net outflow of -RM203.2 mil which was slightly higher than the previous week’s RM169.4 mil.
Foreign investors were net sellers on Thursday (Feb 13) and Friday (Feb 14) with Thursday experiencing the largest outflow of -RM132.3 mil, according to MIDF Research.
However, there were inflows of RM24.6 mil and RM14.3 mil on Monday (Feb 10) and Wednesday (Feb 12) respectively during the shortened trading week due to the Thaipusam public holiday on Tuesday (Feb 11).
“The top three sectors that recorded net foreign inflows were construction (RM64.9 mil), consumer products & services (RM38.4 mil) and financial services (RM17.3 mil),” observed the research house in its weekly fund flow report.
“Meanwhile, the top three sectors that recorded the highest net foreign outflows were utilities (-RM151.1 mil), energy (-RM103.1 mil) and healthcare (-RM69.9 mil).”
In contrast, local institutions continued to support the local bourse for the 17th consecutive week with net purchases totalling RM77.9 mil in domestic equities.
They net bought for two out of last week’s four trading days with net inflows on Thursday (Feb 13) and Friday (Feb 14) totalling RM110.5 mil and RM70.8 mil respectively.
Meanwhile, local retail investors shifted to buying mode on Bursa Malaysia last week with a net inflow of RM125.3 mil in equities while chalking up five weeks of net buying thus far in CY2025.
The average daily trading volume (ADTV) saw inclines across the board last week. Foreign investors saw an increase of +9.5% while local institutions and local retailers also saw a surge of +9.9% and +7.0% respectively.
In comparison with another four Southeast Asian markets tracked by MIDF Research, all succumbed to foreign selling led by Indonesia with four straight weeks of net outflow at -US$148.1 mil.
This was followed by Vietnam with a second consecutive week of net foreign outflow at-US$65.3 mil and Thailand whereby foreign investors shifted to net selling at -US$57.3 mil from the previous week’s gains of US$74.0 mil.
The Philippines, too, saw a reversal of fortunes last week at -US$33.0 mil which ended its two-week streak of net foreign purchases.
The top three stocks with the highest net money inflow from foreign investors last week were Malayan Banking Bhd (RM74.4 mil), RHB Bank Bhd (RM43.7.0 mil) and IJM Corp Bhd (RM39.2 mil). – Feb 17, 2025
