Foreign investors net bought Malaysian stocks worth MYR 11.6 million last week.

(Kuala Lumpur, August 8) Foreign investors ended two consecutive weeks of net selling, turning slightly net buyers of Malaysian stocks last week with net purchases amounting to MYR 11.6 million, compared to net sales of MYR 484.8 million the week before.

Year-to-date, foreign capital outflows from Malaysia have totaled MYR 20.26 billion, significantly higher than the full-year net outflow of MYR 4.21 billion recorded last year.

According to the latest fund flow report by Malacca Securities, foreign investors turned net sellers of Malaysian stocks again last Thursday and Friday, offloading MYR 80.3 million and MYR 172.3 million respectively.

However, due to continuous inflows in the first three trading sessions, last week as a whole still saw net inflows.

The sectors most favored by foreign investors last week were financial services (MYR 532 million), industrial products and services (MYR 83 million), and communications and media (MYR 58.6 million).

Meanwhile, the sectors most heavily sold by foreign investors were utilities (-MYR 351.9 million), healthcare (-MYR 108.1 million), and technology (-MYR 86.7 million).

On the other hand, local institutional investors were net buyers of Malaysian stocks last week, purchasing MYR 83 million worth, marking the second consecutive week of providing support to the market; however, retail investors turned to net selling, offloading MYR 94.6 million worth of Malaysian stocks last week.

The average daily trading volume in the market last week generally declined, with trading activities of retail investors, local institutions, and foreign capital decreasing by 3.3%, 20.6%, and 28.8% respectively.