MIDF Research noted in its report that year-to-date (YTD), foreign investors have been net sellers with total disposals of RM1.96 billion.
Following two weeks of net purchasing, foreign investors last week switched to net selling on Bursa Malaysia, with sales totalling RM44.7 million.
“The top three sectors with net foreign inflows for the week were utilities (RM86.7 million), technology (RM34.9 million) and property (RM30.7 million), while the top three sectors that recorded net foreign outflows were financial services (-RM75.7 million), consumer products & services (RM-41.3 million) and healthcare (RM-33.3 million),” it said.
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With net sales of RM98.5 million, local institutions continued their net selling trend for the third week in a row. The majority of the withdrawal occurred on Tuesday, the day that Malaysia’s producer pricing index (PPI) statistics were made public.
“YTD, local institutions have accumulated RM2.59 billion as net buyers.” Local retailers stopped their 11-week net selling run last week by investing in RM143.1 million worth of domestic stocks.
Retailers have reported net sales totaling RM 622.6 million so far this year.
In terms of participation, local institutions and merchants experienced declines of 6.2% and 9.2%, respectively, while international investors’ average daily trading volume (ADTV) increased by 3.9% last week.
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