KUALA LUMPUR, May 13 — Foreign investors continued to favour Malaysian equities for the third consecutive week, with a net inflow of RM961.1 million, although the trend was reversed regionally as they sold US$549.8 million Asian equities across the eight markets.
According to the latest weekly Fund Flow Report by MIDF Research, net buying activity in the local market had slightly moderated from the previous week’s RM1.06 billion.
“Buying activities were observed on every trading day last week, except on Thursday. Foreign investors
reverted to net buying again on Friday, likely influenced by Bank Negara Malaysia’s decision to maintain the Overnight Policy Rate at 3.00 per cent,” MIDF said.
Sectors that recorded the highest net foreign inflows were financial services (RM268.2 million), utilities (RM242.9 million), and transportation and logistics (RM114.0 million), while the only sectors with net foreign outflows were industrial products and services (RM8.9 million) and REITs (RM3.8 million).
Local institutions continued their trend of net selling for the second consecutive week, amounting to RM724.9 million.
At the same time, local retailers continued to dispose of domestic equities for the ninth consecutive week, at RM236.2 million.
In terms of participation, the average daily trading volume (ADTV) increased for local retailers (17.4 per cent) and local institutions (1.3 per cent), whereas those by foreign investors declined to 9.9 per cent. — Bernama
