KUALA LUMPUR: Foreign investors net sold RM527mil last week after six consecutive weeks of net buying, with sales occurring every day during the week.
According to MIDF Research, the strongest net selling by foreign investors was observed last Wednesday, amounting to RM165.5mil.
“The sectors that recorded the highest net foreign inflows were utilities (RM40.9mil), industrial products & services (RM24.8mil) and healthcare (RM8.2mil), while the sectors with the highest net foreign outflows were financial services (-RM193.7mil), technology (-RM137.3mil) and consumer products & services (-RM50.7mil),” MIDF said in its weekly fund flow report.
Meanwhile, local institutions continued to support the local bourse, net buying RM240.3mil last week, marking their third consecutive week of net buying. They net bought every day last week.
Local retailers net bought RM286.7mil last week after two consecutive weeks of net selling. They also made net purchases every day during the week.
The average daily trading volume (ADTV) declined across all investor classes last week. Foreign investors recorded a decline of –34.0%, while local institutional investors and local retail investors posted declines of –21.2% and –7.6% respectively.
