KUALA LUMPUR, Feb 27 — Foreign investors maintained their net buying spree on Malaysian equities for the second consecutive week, marking a net foreign inflow of RM246.2 million, said MIDF Research.
The research firm said the foreign investors had net bought every day last week, with the strongest net inflows on Monday and Tuesday at RM61.5 million and RM77.6 million respectively.
Foreign investors also net bought RM48.2 million on Wednesday, RM41.0 million on Thursday and RM18.0 million on Friday, it said.
“This was the strongest net buy that was seen since the week ended November 11, 2022,” it said in its Fund Flow Report for the trading week ending February 24.
It noted the top three sectors which saw net inflows by foreign investors last week were financial services at RM111.4 million, energy at RM60.9 million and healthcare at RM54.8 million.
Meanwhile, the bottom three sectors with net outflows were plantation at -RM38.3 million, consumer products and services at -RM28.1 million and property at -RM11.6 million.
Year-to-date, foreign investors have net sold RM347.1 million.
MIDF Research said local institutions maintained their net selling stance for the second consecutive week, recording an outflow of -RM379.1 million last week.
“They were net sellers every day of the week, with the steepest net sell on Wednesday at -RM143.0 million. They also net sold -RM77.2 million on Monday, -RM74.2 million on Tuesday, -RM72.8 million on Thursday and -RM11.9 million on Friday,” it said.
Meanwhile, local retailers returned as net buyers again last week at RM132.9 million after briefly turning net sellers at -RM55.1 million in the week prior, it said.
It added that local retailers net bought RM15.7 million on Monday, RM94.8 million on Wednesday and RM31.8 million on Thursday, while they net sold on Tuesday and Friday at -RM3.4 million and -RM6.1 million respectively.
In terms of participation, it said there was an increase in average daily trading volume among foreign investors by 10 per cent, while retail investors and local institutions saw declines of 0.7 per cent and 4.0 per cent respectively.
— Bernama
