KUALA LUMPUR (Nov 11): Foreign investors reduced their equity sell-off on Bursa Malaysia last week, resulting in a smaller outflow of RM392 million, still in line with the regional trend where other markets also experienced outflows.

MIDF Amanah Investment Bank Bhd said foreign investors continued to sell Asian equities across seven markets for six weeks in a row, with a net outflow of US$3.42 billion (RM15.06 billion), narrower than the US$4.1 billion net sold the week before.

“South Korea stood out with a reversal into inflows, while other markets maintained outflow trends,” MIDF said in its fund flow report for the week.

For local equities, foreign investors were net sellers every trading day, except for Monday and Wednesday. Thursday experienced the largest outflow of RM368.3 million.

On the other days, the outflows ranged from RM108.9 million to RM169.1 million.

The top three sectors that saw net buying activities by foreign investors were plantation (RM130.2 million), construction (RM71.3 million), and industrial products and services (RM48.7 million).

Local institutions recorded net selling only on Monday, amounting to RM79.9 million, and were net buyers for the rest of the week, with overall net buying of RM641.9 million.

Local retail investors became net sellers on Bursa after buying in previous weeks, selling RM170 million in equities.

The average daily trading volume showed a rise across all investor classes, except for foreign investors, lower by 10.2%.

Local retailers experienced the highest gain of 24.9%, while local institutions recorded an increase of 11.4%.

Uploaded by Tham Yek Lee