FOREIGN investors extended their selling streak on Bursa Malaysia to the 24th consecutive week with a net outflow of -RM426.6 mil which was lower than the -RM1.15 bil posted in the previous week, thanks to the local bourse being closed for two days due to the Hari Raya festivities.
Foreign investors were net sellers on the three remaining trading day with Friday (April 4) witnessing the heaviest outflow at -RM329.9 mil, according to MIDF Research.
“On the other days, the outflows ranged from -RM33.4 mil to -RM63.4 mil,” observed the research house in its weekly fund flow report.
The two sectors that recorded net foreign inflows were utilities (RM72.6 mil) and REITs (RM15.7 mil) while the top three sectors that recorded the highest net foreign outflows were industrial products & services (-RM249.0 mil), financial services (-RM247.6 mil) and technology (-RM128.4 mil).
On the contrary, local institutions continued to provide a buffer against foreign selling by posting their 24th straight week of net buying with inflows amounting to RM369.1 mil.
Likewise, local retail investors returned as net buyers to end their single-week selling streak with an inflow of RM57.5 mil.
The average daily trading volume (ADTV) saw a broad-based decrease. Foreign investor and local institution participation plunged by -11.7% and -28.8% respectively but that of local retailers saw an increase of +2.2%.
In comparison with another four Southeast Asian markets tracked by MIDF Research, Vietnam posted its ninth consecutive week of outflows amounting to -US$345.0 mil, an increase of more than four times from the previous week.
Meanwhile, Thailand extended its foreign withdrawal streak to a sixth week with -US$202.4 mil in net outflows while the Philippines recorded the lowest net outflow among markets monitored by MIDF Research with a modest -US$14.9 mil following a tw0-week selling streak.
However, the Indonesian markets did not record any fund flows last week as it was closed the entire week for the Hari Raya celebration.
The top three stocks with the highest net money inflow from foreign investors last week were Frontken Corp Bhd (RM9.6 mil), 99 Speed Mart Retail Holdings Bhd (RM3.3 mil) and AMMB Holdings Bhd (RM3.1 mil). – April 7, 2025
