KUALA LUMPUR: The foreign outflow from Bursa Malaysia ramped up significantly over the past trading week to RM1.01bil net, which represents a fourfold increase from RM196.2mil net in the week before.
This was despite a holiday-shortened week due to the Deepavali holiday on Thursday.
MIDF Research said foreign investors were net sellers on each of the trading days, with the highest outflow recorded on Wednesday at RM473.9mil.
Foreign investors dumped Asian equities for a fifth straight week, according to MIDF, .
The cumulative outflow from the eight markets it monitors in the region reached US$4.35bil, which is 3.5 times higher than the net outflow in the previous week.
During the week, the market sectors that recorded the highest net foreign outflows were financial services (RM600.2mil), utilities (RM190.9mil) and consumer (RM86mil).
The sectors with the highe net inflows were plantions (RM25.9mil), property (RM11.6mil) and REITs (RM7.2mil).
Local institutions on the local bourse were net buyers of RM960.4mil in equities while local retailers were net buyers of RM49.4mil in equities.
Local retailers and local institutions experienced a decline in average daily trading volume (ADTV) of 10.8% and 6.9%
respectively, while foreigners saw an increase of 27.9%.
