Foreign investors remain net buyers for 5 weeks, with RM246 million inflow
Published on: Monday, December 04, 2023
By: FMT Business
The top three sectors with the highest net foreign inflows were financial services, utilities, and healthcare, says MIDF Research. (AP pic)
Kuala Lumpur: Foreign investors maintained their net buying momentum on Bursa Malaysia for the fifth consecutive week, with a total inflow of RM246.3 million, said MIDF Research.
However, this reflects a 35.7% decrease compared to the previous week’s figure of RM382.8 million.
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“The foreign investors briefly net sold RM70 million on Monday but were net buyers for the rest of the week.
“They net bought RM114.3 million on Tuesday, RM59.8 million on Wednesday, RM30.6 million on Thursday, and RM111.5 million on Friday,” it said in a note today.
MIDF said the top three sectors with the highest net foreign inflows were financial services (RM150.6 million), utilities (RM132.2 million), and healthcare (RM64.6 million).
Meanwhile, the top three sectors with the highest net foreign outflows were consumer products and services (-RM112.1 million), transport and logistics (-RM48.9 million) and energy (-RM20.6 million).
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As opposed to foreign investors, local institutions continued to net sell for the fifth consecutive week, disposing of RM457.2 million worth of equities.
MIDF said they net bought RM7.5 million on Monday but net sold RM152.7 million on Tuesday, RM123.2 million on Wednesday, RM45.2 million on Thursday, and RM143.7 million on Friday.
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After seven weeks of net selling, local retailers net bought RM210.9 million on Bursa Malaysia last week, net buying every day of the week, something last seen since early January 2023.
“They net bought RM62.5 million on Monday, RM38.4 million on Tuesday, RM63.3 million on Wednesday, RM14.6 million on Thursday and RM32.2 million on Friday,” it said.
In terms of participation, there were increases in the average daily trading volume across the board among local retailers (+4.5%), local institutions (+7.7%), and foreign investors (+110.2%).
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