Foreign institutions add RM381.3 million to Malaysian equities
MBSB Research reported a second successive week of net purchases by foreign institutions, while local institutions continued selling.
Foreign institutional investors bought RM381.3 million more Malaysian shares than they sold over five sessions, extending their weekly buying run to two, MBSB Research said. Their purchases exceeded sales on every trading day on Bursa Malaysia.
Among sectors receiving foreign institutional money, financial services ranked first with RM249.5 million, ahead of transportation and logistics at RM199.8 million and construction at RM191.4 million. Technology had the largest net withdrawal, at RM221.5 million. Plantation registered RM126.7 million in net outflows, while industrial products and services recorded RM59.8 million.
Local institutions sold a net RM621 million, marking their second successive week of net selling, according to the research firm. Local retail investors took the opposite position: net purchases reached RM239.7 million as their buying run continued for an 11th week.
The daily figures for foreign institutional net buying were RM102.5 million on Monday, RM152.4 million on Tuesday, RM30.8 million on Wednesday, RM55 million on Thursday and RM40.6 million on Friday. Tuesday's figure was the highest.
Average daily trading volume also rose for each investor category, MBSB Research said. Local institutions recorded a 17.6 per cent increase, foreign institutions 16.8 per cent and retail investors 5.6 per cent.
