FOREIGN investors returned to their selling stance with a net disposal of -RM196.2 mil worth of equities on Bursa Malaysia last week after having briefly amassed a net inflow of RM404.1 mil the week prior.
They only net bought on Monday (Oct 21) and Tuesday (Oct 22) at RM39.1 mil and RM107.6 mil respectively but net sold from Wednesday (Oct 23) to Friday (Oct 25) with the largest net outflow occurred on Thursday (Oct 24) at -RM230.3 mil, according to MIDF Research.
“The sectors that recorded the highest net foreign inflows were construction (RM86.5 mil), financial services (RM85.7 mil) and healthcare (RM53.0 mil),” revealed the research house in its weekly fund flow report.
“Sectors with the highest net foreign outflows were utilities (-RM266.9 mil, technology (-RM50.9 mil) and telecommunications & media (-RM45.7 mil).”
After briefly net sold -RM384.2 mil the week before, local institutional investors returned to their buying mood by having amassed RM244.6 mil of equities on Bursa Malaysia last week.
However, local retail investors continued with their profit taking exercise by having net sold -RM48.4 mil worth of equities last week.
The average daily trading volume (ADTV) showed a decline among foreign investors by -19.6%. Meanwhile, local retail investors and local institutional investors saw increases in ADTV by +2.2% and +1.8% respectively.
In comparison with another four Southeast Asian markets tracked by MIDF Research, Indonesia saw foreign funds resorting to selling again with an outflow of -US$230.8 mil after a brief net inflow the week prior.
Likewise, Thailand recorded its fifth straight week of net foreign outflow at -US$82.9 mil while Vietnam posted a third successive week of net outflow at -US$41.2 mil.
After 10 consecutive weeks of net foreign inflows, the Philippines, too, incurred a net foreign outflow of US$3.7 mil last week.
The top three stocks with the highest net money inflow from foreign investors last week were Gamuda Bhd (RM98.8 mil), CIMB Group Holdings Bhd (RM92.7 mil) and 99 Speed Mart Retail Holdings Bhd (RM74.4 mil). – Oct 28, 2024
