Foreign investors extend selling streak on Bursa Malaysia as YTD outflows surpass RM20bil

KUALA LUMPUR: Foreign investors sustained their net selling position for a second straight week, with year-to-date outflows rising to RM20.27bil, according to CIMB Securities.

However, weekly net selling eased 53.1% week-on-week to RM484.9mil.

In contrast, CIMB said local institutional investors were the largest net buyers last week, although net inflows dipped 69.4% week-on-week to RM267.0mil. This lifted their year-to-date net inflows to RM18.2bil.

Local retail investors extended their net buying streak to a second week, with net purchases jumping 4.6 times week-on-week to RM128.3mil and lifting their year-to-date net buy position to RM568.5mil.

“Local nominees remained net buyers at RM69.7mil last week, rising 49.3% week-on-week, while proprietary investors turned net buyers at RM19.9mil despite a 76.9% week-on-week drop,” CIMB said.

Between Nov 21 and 27, foreign investors saw their largest net selling in industrial products at RM359mil, utilities at RM321mil and construction at RM66mil, with Tenaga Nasional, Press Metal and Sunway topping the list.

However, they were net buyers of financial services at RM258mil, telecommunications at RM151mil and plantations at RM74mil, led by Maybank, Telekom Malaysia and SD Guthrie.

On the other hand, local institutional investors were the biggest net buyers in industrial products at RM263mil, utilities at RM246mil and construction at RM86mil, with Tenaga Nasional, Press Metal and Sunway among their major net buys.

However, they were net sellers in the financial services, telecommunications and plantation sectors, led by Maybank, TM and SD Guthrie.

Retail investors were net buyers in industrial products at RM83mil and utilities at RM48mil, with Chin Hin, Tenaga Nasional and IOI Properties topping their purchases.

Meanwhile, local nominee investors were net buyers in technology at RM36mil and utilities at RM30mil, led by Zetrix AI, Petronas Chemicals and Capital A.