KUALA LUMPUR: Foreign investors inched back into the market last week with RM11.8mil in net buying, snapping a two-week selling streak, according to CIMB Securities.
This reversal trimmed year-to-date (YTD) outflows to RM20.3bil.
CIMB said local institutional investors remained net buyers for a third straight week, although net inflows plunged 82.8% week-on-week to RM46mil, lifting their YTD net inflows to RM18.3bil.
In contrast, local retail investors turned net sellers of RM94.7mil last week, ending a two-week buying streak and pulling their YTD net buy value down to RM473.8mil.
CIMB noted that local nominees emerged as the largest net buyers last week, with net inflows rising 34.4% week-on-week to RM93.7mil.
Meanwhile, proprietary investors turned net sellers with RM56.8mil in outflows, ending a two-week buying streak.
Between 28 Nov and 4 Dec, foreign investors were net buyers of the financial services, telecom and industrial sectors, with inflows of RM395mil, RM50mil and RM8mil respectively, led by strong buying in Maybank, CIMB and Press Metal.
However, they turned net sellers in the utilities, technology and healthcare sectors, posting outflows of RM370mil, RM89mil and RM72mil, with Tenaga Nasional (TNB), Sunway and Inari Amertron among their biggest net sells.
On the other hand, local institutional investors were the biggest net buyers in the utilities, consumer and healthcare sectors, with inflows of RM107mil, RM94mil and RM65mil respectively, and TNB, Genting Malaysia and Sunway among their major net buys.
They turned net sellers in the technology, property and telecom sectors, with Press Metal, Maybank and YTL Power as their top three biggest disposals.
Retail investors were net buyers in the utilities and technology sectors, recording inflows of RM147mil and RM78mil, with TNB, Inari Amertron and YTL Power topping their net buys.