Foreign investors remained as net sellers on Bursa Malaysia for the fifth consecutive week, with net foreign outflows amounting to RM211.0 million (EURO 42.45 million) during the week ended May 19, 2023, said MIDF (Malaysian Industrial Development Finance Berhad) Research.In its Fund Flow Report, it said foreign investors have been net sellers of Malaysian equities for 14 out of 20 weeks this year, with a total net foreign outflow of RM2.39 billion (EURO 0.48 billion).“Every trading day last week was a net selling day by foreign investors, except for Thursday when there was a net foreign inflow of RM38.5 million (EURO 7.75 million),” it said.MIDF Research said on Thursday, foreign investors picked up heavyweights such as Maybank (RM16.9 million / EURO 3.40 million), Top Glove (RM9.9 million / EURO 1.99 million), IHH Healthcare (RM9.8 million / EURO 1.97 million) and Inari Amertron (RM8.2 million / EURO 1.65 million).However, they returned to net selling on Friday when data released by the Statistics Department revealed that Malaysia’s trade growth declined by 14.5 per cent year-on-year in April 2023, largely due to lower domestic exports.Last week, only three sectors saw net foreign inflows, namely transportation and logistics (RM37.4 million / EURO 7.52 million), technology (RM3.3 million / EURO 0.66 million) and healthcare (RM1.9 million / EURO 0.38 million), while the top three sectors that saw net foreign outflows were consumer products and services (RM70.0 million / EURO 14.08 million), industrial products and services (RM40.5 million / EURO million) and financial services (RM32.5 million / EURO 6.54 million).Meanwhile, local institutional investors remained net buyers for the fourth consecutive week, to the tune of RM355.6 million (EURO 71.54 million).“Every trading day was a net buying day by the local institutions, with the biggest net inflow recorded on Tuesday at RM105.3 million (EURO 21.18 million).“Year-to-date, they have been net buyers for 15 out of 20 weeks, with a total net inflow of RM2.45 billion (EURO 0.49 billion),” said MIDF Research.Conversely, local retailers continued their net selling of local equities for the third consecutive week, amounting to RM144.6 million (EURO 29.09 million).Every trading day was a net selling day by the local retailers, with the heaviest outflow recorded on Thursday at RM65.1 million (EURO 13.10 million).Year-to-date, local retailers have been net sellers for 11 out of 20 weeks, resulting in a total net outflow of RM51.2 million (EURO 10.30 million).In terms of participation, there was a decline in average daily trading volume (ADTV) across the board namely retailers (-4.8 per cent), local institutions (-5.6 per cent) and foreigners (-10.5 per cent). (ICE KUALA LUMPUR)

Fonte notizia: 22 Maggio 2023, Bernama