KUALA LUMPUR: The net foreign outflow on Bursa Malaysia persisted albeit at a lower rate of RM107.1mil last week, as compared with RM536mil in the prior week.
MIDF Research said the top three sectors with net foreign outflows were industrial products and services (RM70.5mil), utilities (RM50.5mil) and consumer products and services (RM49.2mil).
Meanwhile, the three sectors that saw the most net inflows were healthcare (RM90mil), transport and logistics (RM24.4mil) and construction (RM15.9mil).
Over the week, local institutions continued to support domestic equities as they extended their net buying for the fourth consecutive week to the sum of RM13.5mil.
Year-to-date, local institutions have net bought RM1.78bil of equities.
Local retailers were net buyers of RM84.7mil, extending their net purchases of Bursa equities to RM99.5mil year-to-date.
In terms of participation, there was a drop in average daily trading volume (ADTV) among local retailers by 16.3%, local institutions by 25.3% and foreign investors by -41.1%.
In Asia, MIDF said there was a net weekly inflow of US$832.2mil of equities over the eight stock exchanged it tracked.
Among the countries under its observation, the four countries that showed net inflows were Taiwan, Vietnam, Indonesia, and Philippines while the countries that recorded net outflows were India, Thailand, Malaysia and Korea.