The five-week net buying performance did not continue with last week's net sales of 1.24 billion

Foreign investors were unable to continue their good record of net purchases of Malaysian stocks for 5 consecutive weeks. In the big pullback last week, foreign investors resumed net sales positions, and a total outflow of RM1.24 billion Malaysian shares was flowing out.

According to the capital flow report released by MIDF Research on Monday, foreign investors withdrew from Malaysian stocks for 8 weeks before 5 consecutive weeks of net purchases, and now the sell-off sentiment has returned.

Last week, foreign investors were in a net selling position every day. The divestment on Monday and Tuesday was about the same intensity, around RM175 million. On Wednesday, the intensity increased dramatically, to RM313.4 million.

The strength of the sell-off on Thursday weakened, with sales of only RM8,650. However, net sales increased on Friday, making it the highest of the week. A total of RM487 million shares were sold.

Last week, the sectors least favored by foreign investors were finance (-800 million RM), utilities (RM250.7 million), and farming (RM157.4 million).

As for local institutions, the opposite is true. Not only did they end 4 consecutive weeks of net sales, but they also maintained a buying attitude every day. On Friday, they stepped up their efforts to buy RM341.9 million, making a total net purchase of RM1.03 billion shares throughout the week.

Retail investors, on the other hand, ended 11 consecutive weeks of net sales and bought a total of RM259 million shares last week.

In terms of participation, domestic daily trading volume (ADTV) increased by 27.3% last week, while retail investors and local institutions declined by 9.0% and 13.6%, respectively.

Although the Asian stock market had mixed ups and downs on Tuesday, the Malaysian Fushilong Composite Index rose steadily after the long weekend, and the momentum was even greater after noon trading. Among blue chip stocks, the vast majority of stocks have risen, sweeping away the decline that hovered at 1,600 points last week.