Foreign Investors post RM1.33bil net outflow on Bursa

Foreign Investors post RM1.33bil net outflow on Bursa

This represents the second-highest single-week outflow since April 24, says MIDF.

kl skyline
The top three sectors that have recorded the highest net foreign outflows are construction, property, and consumer. (AP pic)
KUALA LUMPUR:
Foreign investors extended their selling streak on Bursa Malaysia, marking the 13th consecutive week of net outflows amounting to RM1.33 billion, the second-highest single-week outflow since Apr 24, said MIDF Amanah Investment Bank Bhd (MIDF).

In its fund flow report for the week ended Jan 17, MIDF said outflows were observed every trading day, with the largest on Monday at (-RM328.2 million), while other days ranged between (-RM212.2 million) and (-RM325.5 million).

“The only sector that recorded net foreign inflows was real estate investment trusts (REITs) totalling RM1 million.

“Meanwhile, the top three sectors that recorded the highest net foreign outflows were construction (-RM313 million), property (-RM156.9 million), and consumer (-RM127.1 million),” it said.

Local institutions remained net buyers for the 13th consecutive week on Bursa, with net purchases of RM797.8 million,

MIDF noted that local institutions extended their net buying streak to 41 consecutive trading days.

“Local retailers also remained net buyers extending to a two-week streak, contributing a robust RM530.8 million in net inflows,” it said.

MIDF said trading activity declined across two out of three categories, with average daily trading volume (ADTV) increasing by +13.7% for foreign investors, (-4.5%) for local institutions, and (-7.5%) for retail investors.

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