KUALA LUMPUR, Sept 18 — Foreign investors turned net buyers on Bursa Malaysia after three weeks of net selling, with a net purchase of RM23.1 million last week compared to RM27.7 million in the previous week, said MIDF Research.
In its Fund Flow Report for the week ended September 15, the research house said the week started with outflows, but shifted to inflows from Wednesday to Friday, totalling RM318.9 million.
Foreign investors had been net sellers of domestic equities at a rate of RM2.47 billion year-to-date (YTD).
“The top three sectors with net foreign inflows last week were utilities (RM105.5 million), construction (RM53.6 million), and plantation (RM49.9 million).
“The sectors with net foreign outflows were healthcare (RM50.5 million), REITs (RM50.0 million), and consumer products and services (RM22.4 million),” it said.
According to MIDF, local institutions snapped a four-week net buying streak by selling RM131.5 million worth of shares last week, resulting in net inflows of RM3.16 billion year YTD.
“For the tenth consecutive week, local retailers continued to sell domestic equities, with net sales amounting to RM103.7 million last week. YTD, local retailers have seen outflows of RM687.3 million,” it added.
In terms of participation, there was a decrease in average daily trading volume by retail investors (-12.9 per cent) and local institutions (-9.6 per cent), while foreign investors saw an increase (+68.5 per cent).
— Bernama
