At a time of market turmoil, foreign capital escaped 0.77 billion last week

(KUALA LUMPUR, 12th) Foreign investors sold a net total of 0.7 billion 68.4 million MYR shares last week due to the chain reaction caused by the Wall Street turmoil.

In the capital flow report released on Monday, MIDF Research indicated that foreign investors were net selling Malaysian stocks every day last week. Among them, Monday and Thursday were the strongest sell-off, which recorded net sales values of RM0.3 billion 36.1 million and RM226.7 million respectively.

The three main areas where foreign investment left last week are consumer goods and services (-0.1 billion RM51.8 million), industry (-0.1 billion RM49.5 million), and technology (-0.1 billion RM20.2 million).

The three areas of net foreign purchases are communications and media (RM10 million), healthcare (RM8.6 million), and farming (RM7.1 million).

Meanwhile, local institutions bought large amounts of Malaysian stocks last week, and have been net buying Malaysian stocks throughout the week, with a net purchase amount of up to RM1.1 billion 90 million.

Among them, when Malaysian stocks fell more than 70 points on “Black Monday” last week, local institutions made a net purchase of RM0.5 billion45.8 million, struggling to support Malaysian stocks.

“This is the record for the highest net purchase in a single day since February 6, 2018.”

At a time of market turmoil, local retail investors also left the market, with total net sales reaching RM0.4 billion24.6 million. Among them, Monday's net sales were the highest, reaching RM0.2 billion9.7 million.

In terms of participation, all three parties saw an increase. Among them, foreign investment was the most active, with average transaction value (ADTV) rising by 47.4%, while local institutions and retail investors increased by 47.3% and 37.7%, respectively.

The top 10 stocks that foreign capital escaped last week: