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Market Daily Report: Bursa Malaysia Gives Up Earlier Gains To End Mixed

KUALA LUMPUR, Nov 19 (Bernama) -- Bursa Malaysia gave up earlier gains to end mixed today, amid a higher regional market showing, as property, construction, and healthcare counters attracted buying interests, while plantation, banking, and telecommunication stocks saw some profit-taking, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 1.70 points to close at 1,602.34 from yesterday’s close of 1,604.04. The benchmark index, which opened 0.86 of-a-point lower at 1,603.18, moved between 1,601.02 and 1,608.88 during the trading session. However, the broader market was mixed to higher, with gainers leading decliners by 565 to 438 while 502 counters remained unchanged, 961 untraded, and 14 suspended. Turnover narrowed to 2.83 billion units valued at RM2.08 billion versus 2.96 billion units valued at RM2.23 billion yesterday. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the benchmark index remained range-bound and it required a dec
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Foreign Investors Turn Net Sellers Amid Declining Trading Volumes

 

Foreign investors ended their six-week net buying streak with a net outflow of RM527 million last week, according to a report by MIDF Research on Monday. The largest daily outflow was recorded on Wednesday at RM165.5 million.

Despite the overall outflow, sectors such as Utilities (RM40.9 million), Industrial Products & Services (RM24.8 million), and Healthcare (RM8.2 million) saw net foreign inflows. On the other hand, Financial Services (-RM193.7 million), Technology (-RM137.3 million), and Consumer Products & Services (-RM50.7 million) experienced the highest net foreign outflows.

Local institutions remained supportive, net buying RM240.3 million for the third consecutive week, while local retailers reversed their two-week selling trend with net purchases of RM286.7 million.

However, the average daily trading volume (ADTV) saw declines across all investor groups. Foreign investors' ADTV dropped by 34.0%, local institutional investors by 21.2%, and local retail investors by 7.6%.

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