KUALA LUMPUR: Foreign investors reverted to a selling stance, net offloading RM196.2mil worth of equities on Bursa Malaysia, according to MIDF Research.
The research house noted that foreign investors only net bought on Monday and Tuesday, with purchases of RM39.1mil and RM107.6milrespectively, but net sold from Wednesday to Friday.
The largest net outflow occurred on Thursday, amounting to RM230.3mil.
“The sectors that recorded the highest net foreign inflows were construction (RM86.5mil), financial services (RM85.7mil) and healthcare (RM53mil.
“Sectors with the highest net foreign outflows were utilities (-RM266.9mil), technology (-RM50.9mil), and telecommunications & media (-RM45.7mil),” MIDF said in its weekly fund flow report.
Local institutional investors net bought RM244.6mil in equities on Bursa Malaysia last week, following a brief period of net selling the week before.
Meanwhile, local retail investors continued to net sell equities, totalling RM48.4mil last week.
The average daily trading volume (ADTV) declined by 19.6% among foreign investors, while local retail and institutional investors saw increases of 2.2% and 1.8%, respectively.
