KUALA LUMPUR, March 6 — After two consecutive weeks of net buying, foreign funds left the domestic market last week after net selling RM338.7 million worth of Malaysian equities, said MIDF Research.
The research firm said there was foreign net selling every trading day last week, except Tuesday which saw an inflow of RM9.0 million.
Year-to-date, it noted that foreign investors have net sold RM685.7 million.
“The highest amount of net outflow occurred on Monday to the tune of RM178.6 million, while Wednesday and Thursday were the second and third highest net selling of the week in review which amounted to RM84.2 million and RM73.8 million, respectively,” said MIDF Research in its weekly fund flow report.
According to MIDF, the three sectors in Malaysia that saw the most net foreign inflows were energy with RM33.5 million, construction (RM24.8 million) and real estate investment trusts or REITS (RM2.5 million).
Sectors that recorded the most net foreign outflows, meanwhile, were financials (-RM121.0 million), industrials (-RM80.0 million) and healthcare (-RM74.3 million).
Local institutions were net buyers of Malaysian equities, with total net inflows worth RM296.0 million, with only Tuesday recording a net outflow of RM78.3 million.
“The heaviest net inflows were seen on Friday at RM168.9 million followed by Monday at RM132.1 million. Year-to-date, local institutions have net bought RM736.8 million,” it said.
Local retailers were net buyers last week to the tune of RM42.7 million, with the market seeing net outflows of RM55.1 million on Wednesday.
Year-to-date, MIDF Research said local retailers were net sellers of Malaysian equities to the sum of RM51.1 million.
In terms of participation, there was an increase in average daily trading volume (ADTV) among local institutions (+0.3 per cent) and foreign investors (+42.0 per cent), in contrast to local retailers which saw a decline of 6.3 per cent.
— Bernama
