The turbulence on Wall Street caused ripple effects in Malaysia, which saw foreign investors disposing – RM768.4m, net. They net sold equities on Bursa Malaysia every day last week, with the largest net outflows on Monday and Thursday at –RM336.1m and –RM226.7m respectively.
There were only three sectors that were net bought by foreign investors last week. These were Telecommunication & Media (RM10.0m), Healthcare (RM8.6m) and Plantation (RM7.1m). The top three sectors that were net sold by foreign investors were Consumer Products & Services (-RM151.8m), Property (-RM149.5m) and Technology (-RM120.2m).
Local institutions went on a shopping spree last week, net buying RM1.19b. They net bought every day last week, with the largest net buying amount seen on Monday at RM545.8m. This was the largest net buy amount in a single day since 2018, when they net bought RM846.3m on 6th February.
Local retailers net sold –RM424.6m last week, net selling every day. Monday saw the heaviest net selling to the tune of –RM209.7m.
The average daily trading volume (ADTV) showed an increase across all investor classes. Foreign investors saw the highest surge by +47.4%, followed by local retailers at +47.3% and local institutional investors at +37.7%.
