In its fund flow report for the week ending Nov 22, MIDF Amanah Investment Bank Bhd (MIDF) noted that while there was a net outflow of RM19.6 million from local institutions on Tuesday, the inflows on other days of the week more than offset this decline.

Meanwhile, local retailers turned net sellers during the week, with total outflows amounting to RM85.3 million.

This investor group saw daily outflows except on Thursday, which recorded a net inflow of RM12.7 million.

For foreign investors, they continued to sell on the local bourse with outflows totalling RM165.3 million.

Every trading day experienced a net foreign outflow, except on Tuesday, which saw an inflow of RM66.3 million.

The heaviest outflow was recorded on Thursday at RM134.5 million, followed by Wednesday at RM47.1 million, Friday at RM39.6 million, and Monday at RM10.6 million.

The top three sectors that saw net buying activities by foreign investors were property (RM47.2 million), construction (RM36.7 million) and industrial (RM35.3 million).

“The top three sectors that saw net selling activities by foreign investors were utilities (RM90.6 million), transport and logistics (RM67.4 million), and consumer (RM58.8 million),” it said.

MIDF said the average daily trading volume (ADTV) showed declines across all investor categories.

Foreign investors recorded a decline of 3.6%% while local institutional investors and retail investors saw decreases of 5.7% and 6.1%respectively.

Across Asia, foreign investors continued their net selling for the eighth consecutive week, with total outflows of US$2.84 billion. (RM12.67 billion).

Taiwan recorded the highest net foreign outflow at US$1.28 billion (RM5.7 billion), continuing its streak for the fourth week in a row.

This occurred despite positive economic data from the economic affairs ministry, which reported that Taiwan’s export orders grew for the eighth consecutive month in October 2024.