Foreign funds have been selling off for 11 consecutive weeks, with an outflow of 47 million Ringgit.

(Kuala Lumpur, 6th) Foreign investors continued their selling trend on the Malaysian Exchange for the 11th consecutive week, setting the longest downtrend record last year. However, the pace of withdrawal slowed significantly last week, with capital outflow of 47 million Ringgit, compared to outflows of 0.2 billion 31.9 million Ringgit in the previous week.

According to the weekly capital flow report from MIDF Investment Bank, foreign investors net bought 0.57 million Ringgit and 11.20 million Ringgit of Malaysian stocks on Monday and Tuesday of last week respectively.

However, after the New Year holiday on Wednesday, foreign funds turned negative on Malaysian stocks. Capital outflow was 55.8 million Ringgit on Thursday, with a slightly smaller selling pressure on Friday, resulting in a net outflow of 43.77 million Ringgit.

Among them, the industries with the largest outflow of foreign funds were construction (-89.3 million Ringgit), financial services (-45.8 million Ringgit), and plantation (-45.5 million Ringgit).

As for the top 3 industries favored by foreign investors, they were property (0.1 billion 15.7 million Ringgit), utilities (36.8 million Ringgit), and consumer (29 million Ringgit).

On the other hand, domestic institutions continued to support the local stock market for the 11th consecutive week, with a net purchase of local stocks totaling 0.3 billion 4 million Ringgit.

Local retail investors also continued to exit the market, net selling Malaysian stocks for 0.2 billion 56.9 million Ringgit.

Average daily trading volume (ADTV) increased last week, rising by 37.5% for foreign investors, and by 13.2% and 7.8% for local retail investors and local institutions, respectively.

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Top 10 stocks bought by foreign investors last week.

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Top 10 stocks sold by foreign investors last week.