KUALA LUMPUR: Local institutions net bought RM1.19 billion worth of stocks last week amid a market rout which wiped RM22 billion of the stock market's market capitalisation by the end of the week.
According to MIDF Research, they net bought every day last week, with the largest net buying amount seen on Monday at RM545.8 million.
It was the largest net buy amount in a single day since 2018, when they net bought RM846.3 million on Feb 6, 2024.
Foreign investors on the other hand offloaded RM768.4 million worth of stocks last week.
They net sold equities on Bursa Malaysia every day last week, with the largest net outflows on Monday and Thursday at RM336.1 million and RM226.7 million respectively.
There were only three sectors that were net bought by foreign investors last week.
These were Telecommunication and Media (RM10.0 million), Healthcare (RM8.6 million) and Plantation (RM7.1 million).
The top three sectors that were net sold by foreign investors were Consumer Products & Services (-RM151.8 million), Property (-RM149.5 million) and Technology (-RM120.2 million).
Local retailers net sold RM424.6 million last week, net selling every day. Monday saw the heaviest net selling to the tune of RM209.7 million.
The average daily trading volume (ADTV) showed an increase across all investor classes.
Foreign investors saw the highest surge by +47.4 per cent, followed by local retailers at +47.3 per cent and local institutional investors at +37.7 per cent.