KUALA LUMPUR: Foreign investors continued to sell domestic equities for the third straight week, but at a slower pace, with a net sell of RM45.7mil, according to MIDF Research.
The research house noted that foreign investors only recorded net sales on Monday (-RM147.9mil) and Friday (-RM216.6mil), but this was sufficient to offset the inflows recorded from Tuesday to Thursday, which ranged from RM44.4mil to RM70.2mil.
“The sectors that recorded the highest net foreign inflows were consumer products & services (RM98mil), property (RM31.8mil), and plantation (RM23.7mil), while the sectors that registered the highest net foreign outflows were financial services (-RM184.5mil), transportation & logistics (-RM48mil), and healthcare (-RM44mil),” MIDF said in its weekly fund flow report.
Meanwhile, local institutional investors continued to support the local bourse, marking net buying for the fifth straight week at RM93.4mil.
Local retailers have also been net buyers of domestic equities for the third consecutive week with a total of RM102.5mil.
The average daily trading volume (ADTV) fell across all investor categories last week. Retail investors saw a decrease of -0.6%, while local institutions and foreign investors posted declines of -5.4% and -6.4%.
