KUALA LUMPUR: Foreign investors on Bursa Malaysia snapped three weeks of net selling to to become net purchasers of local equities to the tune of RM23.1mil.
MIDF Research said in its fund flow report offshore funds had started the week with net outflows, but changed gears to become net buyers of Malaysian equities from Wednesday to Friday.
By sector, the three leaders of net foreign inflows were utilities (RM105.5mil), construction (RM53.6mil) and plantation (RM49.9mil).
Sectors with the most net outflows were healthcare (RM50.5mil), REITs (RM50mil) and consumer products and services (RM22.4mil).
Meanwhile, local institutions ended a four-week net buying streak with net selling of RM131.5mil.
Local retailers maintained their net selling of Bursa equities for a 10th straight week, with net sales of RM103.7mil.
In terms of participation, there was a decrease in average daily trading volume (ADTV) by retail investors (12.9%) and local institutions (9.6%), while foreign investors saw an increase (68.5%).
