KUALA LUMPUR, Oct 25 — Foreign selling in Malaysian equities narrowed to RM68.22 million last week compared to the previous week’s RM479.7 million.

This was the lowest outflow in seven weeks.

MIDF Research said foreign investors were net sellers on Bursa Malaysia for every trading day except Tuesday and Friday with the heaviest outflow recorded on Thursday at RM83.4 million.

The heaviest inflows from foreign investors were recorded on Tuesday at RM102.6 million.

"Monday saw the continuation of foreign investors’ net selling streak at RM53.5 million but this was broken on Tuesday before the net selling resumed.

"However, it ended the week with a net buying by foreign investors on Friday with RM20.1 million,” it said in a note today.

MIDF Research noted that the top three sectors that saw the most net inflows by foreigners last week were financial services, energy, and telecommunication at RM81.1 million, RM46.8 million, and RM27.7 million respectively.

The highest net outflows were in healthcare at RM95.5 million, industrial products and services at RM81 million, and construction at RM45.3 million.

Local institutions were net buyers during every trading day last week, except on Tuesday with net outflows of RM105.7 million, while the heaviest net inflows for local institutions were on Thursday at RM120.5 million.

Cumulatively, local institutions net bought RM147.5 million worth of equities last week.

"To date, international investors had been net buyers for 24 out of the 42 weeks of 2022, with a total net inflow of RM5.7 billion.

"Local institutions were net sellers for 29 out of 42 weeks, with a total net outflow of RM8 billion and local retailers were net buyers for 27 out of 42 weeks of 2022,” it said, adding that year-to-date, they had net bought RM2.2 billion.

In terms of participation, there was a surge increase in the average daily trade value (ADTV) for foreign investors at 17.8 per cent and retail investors at 5.2 per cent. In contrast, the number of institutional investors declined by 2.5 per cent.

Among Bursa’s top "inflow” stocks were RHB Bank Bhd, with the highest net inflow last week of RM5.17 million, followed by Kuala Lumpur Kepong Bhd at RM2.79 million and AmBank Group at RM2.47 million.

Alliance Bank Malaysia Bhd was among the top decliners, having posted the largest outflow of RM3.7 million, followed by PPB Group Bhd at RM1.86 million and CIMB Bank (RM1 million). — Bernama