FOREIGN investors continued to sell equities on Bursa Malaysia for the third consecutive week (Nov 4-8) albeit with a smaller outflow of -RM392 mil from -RM1.01 bil the week prior.
They were net sellers except for Monday (Nov 4) and Wednesday (Nov 6) with Thursday (Nov 7) having experienced the largest outflow at -RM368.3 mil, according to MIDF Research.
“On the other days, the outflows ranged from -RM108.9 mil to -RM169.1 mil,” observed the research house in its weekly fund flow report.
The top three sectors with net buying activities by foreign investors were plantation (RM130.2 mil), construction (RM71.3 mil) and industrial products & services (RM48.7 mil).
On the contrary, local institutions were net seller only on Monday (Nov 5) at RM-79.9 mil but turned net buyers for the rest of the week for an overall net purchase of RM641.9 mil.
However, local retail investors became net sellers on Bursa Malaysia after having emerged net buyers during the previous weeks with a net disposal of -RM170 mil worth of equities.
The average daily trading volume (ADTV) showed increase across all investor classes except for foreign investors which was -10.2% lower. Local retailers experienced the highest gain at 24.9% while local institutions recorded an increase of 11.4%.
In comparison with another four Southeast Asian markets tracked by MIDF Research, all stock exchanges incurred outflows of foreign funds led by Indonesia with a third consecutive week of outflow at -US$287 mil.
Vietnam recorded a net foreign outflow of -US$137 mil for a fifth successive week despite having posted a US$2 bil trade surplus in October (the smallest surplus since May 2024).
Elsewhere, the Philippines posted an outflow of -US$132.8 mil last week – extending its streak of foreign exits to three weeks – while Thailand’s recorded its seventh straight week of foreign fund outflows that amounted to -US$105.6 mil.
The top three stocks with the highest net money inflow from foreign investors last week were CIMB Group Holdings Bhd (RM207.3 mil), Sunway Bhd (RM120.7 mil) and Gamuda Bhd (RM79.0 mil), – Nov 11, 2024
