KUALA LUMPUR: Foreign investors were the largest net sellers on Bursa Malaysia last week, with year-to-date (YTD) net outflows surpassing RM20 billion, according to CIMB Securities Sdn Bhd.
This came despite foreign net selling easing 53.1 per cent week-on-week (WoW) to RM267 million, the firm said in a research note. In contrast, local institutional investors emerged as the biggest net buyers, though their WoW net inflows fell 69.4 per cent to RM267 million. This lifted their YTD net inflows to RM18.2 billion.
Local retailers extended their net buying streak for a second consecutive week, with net purchases rising 4.6 times WoW to RM128.3 million. Their YTD net buying now stands at RM568.5 million.
Local nominees also remained net buyers at RM69.7 million, up 49.3 per cent WoW, while proprietary investors turned net buyers at RM19.9 million, an increase of 76.9 per cent.
Between Nov 21 and 27, foreign investors recorded their heaviest net selling in the industrial products (RM359 million), utilities (RM321 million) and construction (RM66 million) sectors.Their largest individual net sells were Tenaga Nasional Bhd (TNB), Press Metal Aluminium Holdings Bhd and Sunway Bhd.

However, foreign funds were net buyers of financial services (RM258 million), telecom (RM151 million) and plantation (RM74 million) stocks, with Malayan Banking Bhd (Maybank), Telekom Malaysia Bhd (TM) and SD Guthrie Bhd ranking as their top three net buys. Meanwhile, local institutional investors were the biggest net buyers in the industrial (RM263 million), utilities (RM246 million) and construction (RM86 million) sectors, with TNB, Press Metal and Sunway among their key net buys.
They were net sellers in financial services, telecom and plantation names, led by Maybank, TM and SD Guthrie