(Kuala Lumpur, 10th) With the significant rise of Malaysian stocks last week, both foreign investors and retail investors chose to sell off. Foreign investors have been withdrawing from Malaysian stocks for the 16th consecutive week, with a net sell of 0.1 billion 69.4 million Ringgit last week.
The Capital Trend report released by MIDF Research shows that although foreign investors continue to withdraw, the pace of net selling Malaysian stocks slowed slightly last week compared to the previous week's 0.5 billion 3.3 million Ringgit.
At the same time, last Friday, foreign investors reversed their trend, significantly net buying 93.2 million Ringgit in Malaysian stocks, ending the streak of 24 consecutive trading days of net selling.
Regarding the first four trading days, foreign investors continued to net sell Malaysian stocks, with a net sell reaching 0.1 billion Ringgit on Monday, and the other three days ranging between 18.5 million to 65.1 million Ringgit.
Last week, the main sectors sold off by foreign investors were Utilities (-0.1814 billion Ringgit), Industrial Products and Services (-92.7 million Ringgit), and Energy (-61.2 million Ringgit).
In contrast, Financial Services (0.1172 billion Ringgit), Construction (0.111 billion Ringgit), and Technology (77.6 million Ringgit) were favored by foreign investors.
On the retail side, there was a pause in the inflow momentum that lasted for four weeks, with a net outflow of 24.8 million Ringgit.
In light of this, local Institutions became the only net buyers of Malaysian stocks, supporting the market for the 16th consecutive week, with a total net buying amount reaching 0.1 billion 94.2 million Ringgit last week.
In terms of participation, the average daily trading volume (ADTV) of foreign capital fell by 8.7%, while local Institutions and retail investors increased their trading activity, growing by 7.8% and 1% respectively.
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Foreign capital's net buying reached 1...