KUALA LUMPUR: Foreign investors were active buyers again last week, purchasing a net total of RM1.40 billion in domestic equities, according to MIDF Research.
The firm said this was nearly five times the RM299.6 million net bought the previous week.
"Malaysia's exports surged at their fastest pace in nearly two years, driven by strong demand for commodities and electronics, along with higher shipment to advanced economies.
"Exports reached RM131.2 billion in July 2024, marking a 12.3 per cent year-on-year (YoY) increase," it said in its fund flow report today.
Meanwhile, MIDF Research said foreign investors were net buyers on every trading day except for Friday when there was a sell-off of -RM1.6 million.
The largest net foreign inflow occurred on Monday, totalling RM574.9 million.
The sectors that recorded the highest net foreign inflow were financial services (RM1.30 billion), utilities (RM118.9 million), and telecommunication & media (RM54.8 million).
Meanwhile, the sectors with the highest net foreign outflows were technology (-RM140.2 million), consumer products & services (-RM50.2 million), and property (-RM25.9 million).
Furthermore, the firm said local institutions were net sellers every trading day and continued to offload domestic equities for the second consecutive week, with a total net sale of RM1.12 billion.
"Local retailers only had a net purchase on Friday, totalling RM78.2 million, and were net sellers for the remainder of the week. "Overall, they were net sellers with a total of -RM284.4 million," it added.
MIDF Research said the average daily trading volume (ADTV) showed increases across all investor classes.
Foreign investors recorded the highest increase at 35.8 per cent, while local institutions and local retailers recorded increases of 33.1 per cent and 19.0 per cent respectively.