KUALA LUMPUR: Foreign investors continued to be net buyers on Bursa Malaysia for the sixth consecutive week, recording an inflow of RM271.5mil during the shortened trading week.
According to MIDF Research, foreign investors net bought RM167.7mil on Tuesday, RM122.9mil on Thursday, and RM57mil on Friday, while net selling RM76.1mil on Wednesday.
“The sectors that recorded the highest net foreign inflows were financial services (RM352.2mil), healthcare (RM211.9mil), and property (RM55mil), while those with the highest net foreign outflows were utilities (-RM172.3mil), technology (-RM85.3mil), and consumer products & services (-RM49.7mil),” MIDF said in its weekly fund flow report.
Local institutions continued to support the local bourse, net buying RM38.7mil last week, marking their second consecutive week of net inflow.
Meanwhile, local retailers net sold for the second week in a row, totalling RM310.2mil.
The average daily trading volume (ADTV) experienced significant increases of +10.9% among local retailers, +4.9% among local institutions, and +42.9% among foreign investors.
