KUALA LUMPUR: After five weeks of net selling, local institutions turned net buyers of Malaysian stocks at RM76.1 million last week, said MIDF Research
The firm said year-to-date, local institutions had been net buyers at RM2.76 billion.
In its weekly fund flow report, the firm said going into sixth consecutive week, local retailers had sold RM128.8 million worth of domestic equities last week.
"Year-to-date, local retailers have been net sellers at RM348.9 million,"it said.
As for foreign investors, MIDF Research said foreign investors had maintained their net buying streak on Bursa Malaysia for the sixth consecutive week last week, with inflows amounting to RM52.7 million.
Foreigners shifted to net sellers by the end of the week, potentially prompted by the release of two weak economic data points.
"Net buying occurred from Monday to Wednesday, with Wednesday experiencing the highest net foreign inflow at RM106.4 million,"it added.
Year-to-date, foreign investors have been net sellers of domestic equities at a rate of RM2.41 billion.
The firm said in July, total exports fell 13.1 per cent year-on-year (YoY) to RM116.75 billion, while total imports dropped 15.9 per cent YoY to RM99.66b.
Meanwhile, Malaysia's GDP grew at a slower-than-expected rate of 2.9 per cent in 2Q23.
MIDF Research said in terms of participation, there was a significant increase in average daily trading volume (ADTV) across the board.
Retail investors' ADTV rose 24.9 per cent, local institutions at 28.2 per cent and foreign investors at 11.9 per cent.
Regionally, Malaysia and India are the only two countries in the Asian region that had recorded net foreign inflows.
The firm also identified property, technology and plantation as the top three sectors that posted net foreign inflows at RM165.3 million, RM27.4 million and RM23.9 million respectively.
The top three sectors with net foreign outflows were industrial products and services (RM106.5 million), healthcare (RM49.6 million) and real estate investment trusts (RM27.1 million).
