Kuala Lumpur: Foreign investors continued to demonstrate confidence in Malaysian equities, extending their net buying streak on Bursa Malaysia for a third consecutive week. Net inflows totalled RM422.6 million for the week ended 9 May, according to MIDF Amanah Investment Bank Bhd’s latest Fund Flow Report.
While the inflow marked a slowdown from the RM853.3 million recorded the previous week, foreign investors remained net buyers on three out of five trading days. The largest net inflow occurred on Wednesday at RM364.8 million, followed by Friday with RM135.1 million. Net outflows were recorded on Monday and Thursday, at RM92.4 million and RM42.4 million, respectively.
Sector-wise, utilities led with the highest foreign net inflow at RM253.3 million, followed by telecommunications and media (RM53.3 million), and financial services (RM51.1 million). In contrast, the energy and technology sectors experienced net outflows of RM57.5 million and RM56 million, respectively.
Meanwhile, local institutional investors sustained their net selling trend for the third consecutive week, posting outflows of RM397.8 million. Local retail investors also continued to pare down holdings, although the pace of outflows moderated to RM24.8 million, compared to RM161.2 million in the preceding week.
Market participation rose across all investor segments. Average daily trading volumes increased 8.6% for local institutions, 2.9% for retail investors, and 6.1% for foreign investors, signalling growing interest and momentum across Bursa Malaysia.
-Bernama
