KUALA LUMPUR: Foreign investors net purchased RM217.6mil last week, marking the fifth consecutive week of net inflows, according to MIDF Research.
The research house noted that while foreign investors net sold RM129.8mil on Wednesday and RM95.1mil on Thursday, they net bought for the rest of the week.
“The top three sectors that recorded the highest net foreign inflows were utilities (RM335.0mil), property (RM52.8mil) and construction (RM49.4mil).
“Meanwhile, the top three sectors with the highest net foreign outflows were consumer products & services (-RM71.2mil), financial services (-RM47.3mil) and healthcare (-RM35.4mil),” MIDF said in its weekly fund flow report.
Meanwhile, local institutions snapped their four consecutive weeks of net selling after net buying RM3.5mil last week. They net sold -RM274.6mil on Tuesday and -RM12.4mil on Friday but net bought for the rest of the week.
On the other hand, local retailers reverted to net selling, with a total of -RM221.1mil after briefly net buying RM162.2mil the previous week. They net bought RM16.7mil on Wednesday but net sold for the remainder of the week.
The average daily trading volume (ADTV) surged +12.5% and +10.6% among local institutions and foreign investors respectively while local retailers saw a decline of –5.4%.
