NET selling by foreign investors on Bursa Malaysia entered its 11th consecutive week at the end of the June 30 trading day with outflows amounting to -RM359.9 mil.
Year-to-date (YTD), foreign fund have been sellers for 20 out of 26 weeks this year with a total net foreign outflow of -RM4.19 bil, according to MIDF Research.
The top three sectors that recorded net foreign inflows were construction (RM71.9 mil), property (RM16.4 mil) and transportation & logistics (RM6.2 mil) while the top three sectors that posted net foreign outflows were financial services (-RM136.5 mil), industrial products & services (-RM86.0 mil) and technology (-RM72.9 mil).
Thankfully, local institutional investors remained net buyers for the fifth consecutive week at RM278.3 mil. YTD, they have been net buyers of domestic equities for 20 out of 26 weeks with a total net inflow of RM3.73 bil.
Elsewhere, local retailers turned net buyers after net buying RM81.6 mil worth of domestic equities last week. YTD, they have been net buyers for 14 out of 26 weeks with total net purchases of RM463.2 mil.
In terms of participation, there was a decrease in average daily trading volume (ADTV) by retailers (-2.0%) and local institutions (-7.3%) but an increase among foreign investors (+3.7%).
In comparison with another four Southeast Asian markets tracked by MIDF Research last week, Thailand posted the highest foreign fund inflow with US$34 mil followed by the Philippines (US$25.3 mil) and Indonesia (US$12.8 mil) while Malaysia recorded the highest outflow at US$77.1 mil followed by Vietnam (US$14.8 mil).
The top three stocks with the highest net money inflow from foreign investors last week were Gamuda Bhd (RM61.4 mil), Tanco Holdings Bhd (RM17.3 mil) and Kuala Lumpur Kepong Bhd (RM12.0 mil) – July 3, 2023
