Foreign investors bought horse stocks net for 3 consecutive weeks

Foreign investors returned to Malaysian stocks for the third week in a row. Although net sales slowed slightly last week (net purchases of RM1.06 billion the previous week), they still reached RM961 million.

According to MIDF Research's latest capital flow report, foreign investors made net purchases last week, with the exception of Thursday, for the remaining 4 trading days.

Net sales were sold after a day. The reason for the resumption of net buying last Friday was probably stimulated by the Bank of China maintaining a 3% interest rate.

Last week, financial services had the largest inflow of foreign capital, reaching RM26,820; followed by utilities, which reached RM242.9 million; transportation and logistics, with net purchases of RM1,1400.

Two other major sectors are facing the flight of foreign capital, namely industrial products and services, and real estate.

For the 2nd week in a row, the local agency became a net seller and sold a total of RM72,499 million.

The wave of retail sell-offs continued until the 9th week, and the total amount increased to RM23,620.

Meanwhile, local retail investors made a net purchase of RM9.5 million last Tuesday, ending 22 consecutive days of sell-off, and maintained net sales for the rest of the trading day.

In terms of participation, the average domestic daily trading volume (ADTV) was strong last week, with retail investors surging by 17.4%; local institutions slightly increasing by 1.3%. Meanwhile, the average daily foreign-funded transactions declined by 9.9%.