KUALA LUMPUR, Sept 4 — Local institutional investors maintained their net buying stance on Bursa Malaysia for the third consecutive week at RM191.3 million for the week ended September 1, 2023, according to MIDF Research.
In its Fund Flow Report for the week ended September 1, 2023, the research firm said local investors only net sold -RM17.1 million on Tuesday but were net buyers on Monday (RM40.0 million), Wednesday (RM103.5 million) and Friday (RM64.8 million).
The local bourse and its subsidiaries were closed for the National Day holiday on Thursday.
“Year-to-date (YTD), local institutions have net bought RM3.23 billion on equities on Bursa Malaysia,” it said.
On the other hand, it said foreign investors remained net sellers for the second straight week at -RM113.5 million during the shortened trading week.
“They net bought RM12.1 million on Monday and RM53.6 million on Tuesday, before net selling -RM139.4 million on Wednesday and -RM39.8 million on Friday,” it said.
The top three sectors that saw net foreign inflows were property (RM142.5 million), construction (RM40.4 million) and technology (RM30.0 million).
Meanwhile, the bottom three sectors which saw net foreign outflows for the week were healthcare (-RM144.0 million), industrial products and services (-RM82.2 million) and consumer products and services (-RM60.5 million), bringing the YTD foreign net selling to -RM2.68 billion.
Local retail investors also remained as net sellers of local equities last week at -RM77.8 million.
“They only net bought RM35.9 million on Wednesday but were net sellers on Monday (-RM52.1 million), Tuesday (-RM36.5 million) and Friday (-RM25.0 million), bringing their YTD net selling to -RM550.7 million,” it noted.
In terms of participation, the research firm said the average daily trading volume among foreign, retail and institutional investors rose by 94.3 per cent, 38.4 per cent and 44.9 per cent, respectively.
MIDF Research noted that overall, Asian markets saw a net foreign fund outflow of -US$5.61 billion in August, snapping three consecutive months of net foreign inflows.
“This was also the highest net outflow amount since September 2022, which recorded a net outflow of -US$9.60 billion,” it said, adding that India and Malaysia were the only exceptions with net inflows at US$1.48 billion and US$31.3 million, respectively.
— Bernama
