KUALA LUMPUR: Foreign investors continued to reposition their funds ahead of the US Federal Reserve’s anticipated easing this week, net buying RM217.6mil during Sept 9 to Sept 13, marking the fifth consecutive week of net purchases.
According to its fund flow report, MIDF Amanah Investment Bank Bhd (MIDF) noted that foreign investors net bought shares on three out of five days during the week.
“However, they were net sellers of RM129.8mil on Wednesday (Sept 11) and RM95.1mil on Thursday (Sept 12).
“The top three sectors with the highest net foreign inflows were utilities (RM335mil), property (RM52.8mil) and construction (RM49.4mil),” the bank said.
Conversely, the sectors with the highest net foreign outflows were consumer products and services (RM71.2mil), financial services (RM47.3mil), and healthcare (RM35.4mil), MIDF reported.
MIDF said the local institutions ended a four-week streak of net selling by net buying RM3.5mil last week.
“They net sold RM274.6mil on last Tuesday (Sept 10) and RM12.4mil last Friday (Sept 13), but were net buyers for the remainder of the week,” it said. — Bernama
