Foreign institution continues buying Malaysian stocks

KUALA LUMPUR: Foreign institutional investors extended their net buying streak on Bursa Malaysia to a second consecutive week, recording RM381.3 million in net inflows, according to MBSB Research.

The firm said foreign institutions were net buyers throughout all five trading sessions, signalling sustained foreign interest in the domestic equity market.

Tuesday recorded the highest net foreign inflow at RM152.4 million, followed by Monday at RM102.5 million.

This was followed by Thursday with RM55 million, Friday with RM40.6 million and Wednesday with RM30.8 million.

"The top three sectors with net inflows from foreign institutions were financial services (RM249.5 million), transportation and logistics (RM199.8 million) and construction (RM191.4 million).

"The top three sectors with net foreign outflows were technology (RM221.5 million), plantation (RM126.7 million), and industrial products and services (RM59.8 million)," said MBSB Research in a note.

Meanwhile, local institutional investors extended their net selling streak to a second consecutive week, recording net outflows of RM621 million.

In contrast, local retailers maintained their buying momentum for an 11th consecutive week, registering net inflows of RM239.7 million.

Trading activity also strengthened across all investor categories, with average daily trading volume rising 5.6 per cent among retailers, 17.6 per cent among local institutions and 16.8 per cent among foreign institutions.