KUALA LUMPUR: Foreign investors were net buyers of Bursa Malaysia equities for a second week in a row, with net inflow of RM131.8mil.
With the trading week shortened by the Federal Territory holiday on Thursday, offshore funds were net buyers on Wednesday and Friday, and net sellers on Monday and Tuesday.
MIDF Research said the sectors with the highest net foreign inflows were telecommunications and media (RM85.5mil), industrial products and services (RM37.5mil) and plantations (RM23.2mil).
The sectors with the most net foreign outflows were utilities (RM84.8mil), property (RM49.2mil) and REITs (RM16mil).
Meanwhile, local institutions remained net sellers for a second week at RM141.3mil net.
Local retailers were net buyers for the first time this year with RM9.5mil net inflow over the week.
In terms of participation, there was an increase in average daily trading volume (ADTV) among foreign investors by +4.5% while local retailers and local institutions saw declines of 17.5% and 15.5% respectively.
