Foreign investors extend 17-week selling streak, outflow at RM203mil

Foreign investors extend 17-week selling streak, outflow at RM203mil

They were net sellers on Thursday and Friday, with Thursday seeing the largest outflow of RM132.3 million, says MIDF.

kl skyline
MIDF said the top three sectors with the highest net foreign outflows were utilities, energy and healthcare. (AP pic)
KUALA LUMPUR:
Last week, foreign investors extended their selling streak on Bursa Malaysia for the 17th consecutive week, registering an outflow of RM203.2 million, said MIDF Amanah Investment Bank Bhd (MIDF).

In its fund flow report for the week ended Feb 14, MIDF said foreign investors were net sellers on Thursday and Friday, with Thursday experiencing the largest outflow of RM132.3 million.

On Monday and Wednesday, there were inflows of RM24.6 million and RM14.3 million, respectively.

“The top three sectors that recorded net foreign inflows were construction at RM64.9 million, consumer products and services (RM38.4 million) and financial services (RM17.3 million).

“Meanwhile, the top three sectors that recorded the highest net foreign outflows were utilities (RM151.1 million), energy (RM103.1 million), and healthcare (RM69.9 million), “ it said.

MIDF noted that local institutions continued to support Bursa for the 17th consecutive week, with net purchases totalling RM77.9 million in domestic equities last week.

This was lower than the previous week’s net purchases of RM194.2 million.

Local institutions net bought for two of the five trading days last week, with net inflows on Thursday and Friday totalling RM110.5 million and RM70.8 million, respectively.

It said local retail investors shifted to net selling last week on Bursa, with a net inflow of RM125.3 million in equities, amounting to five weeks of net buying thus far in 2025.

“The average daily trading volume (ADTV) saw inclines across the board last week.

“Foreign investors saw an increase of 9.5% while local institutions and local retailers also saw a surge of 9.9% and 7%, respectively,” it said.

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