FOREIGN investors on Bursa Malaysia shifted from three weeks of net selling to net buying last week with a net purchase of RM235.1 mil.
The week started with outflows but shifted to inflows from Wednesday (Sept 13) to Friday (Sept 15) totalling RM318.9 mil, according to MIDF Research.
“Year-to-date (YTD), foreign investors have been net sellers of domestic equities at a rate of -RM2.47 bil,” the research house pointed out in its weekly fund flow report.
The top three sectors with net foreign inflows last week were utilities (RM105.5 mil), construction (RM53.6 mil) and plantation (RM49.9 mil). Meanwhile, sectors with net foreign outflows were healthcare (-RM50.5 mil), REITs (-RM50.0 mil) and consumer products & services (-RM22.4 mil).
On the contrary, local institutions concluded their four-week net buying streak with a net outflow of -RM131.5 mil last week. YTD, local institutions have netted RM3.16 bil in inflows.
For the 10th consecutive week, local retailers continued to dump domestic equities with net sales amounting to -RM103.7 mil last week. YTD, local retailers have posted net outflows of -RM687.3 mil.
In terms of participation, there was a decrease in average daily trading volume (ADTV) by retail investors (-12.9%) and local institutions (-9.6%) while foreign investors saw an increase of +68.5%.
In comparison with another four Southeast Asian markets tracked by MIDF Research last week, only Malaysia posted a net inflow by foreign funds amounting to US$50.2 mil while Thailand recorded the highest net outflow at US$156.5 mil followed by Indonesia (US$118.4 mil), Vietnam (US$89.3 mil) and the Philippines (US$77.4 mil).
The top three stocks with the highest net money inflow from foreign investors last week were CIMB Group Holdings Bhd (RM91.4 mil), YTL Power Bhd (RM55.6 mil) and Top Glove Corp Bhd (RM37.2 mil). – Sept 11, 2023