KUALA LUMPUR: Foreign investors continued to sell equities on Bursa Malaysia for the third week in a row, with a smaller outflow of RM392mil, according to MIDF Research.
The research house observed that foreign investors were net sellers on every trading day except Monday and Wednesday, with Thursday seeing the largest outflow of RM368.3mil.
On the other days, outflows ranged from RM108.9mil to RM169.1mil.
“The top three sectors that saw net buying activities by foreign investors were plantation (RM130.2mil), construction (RM71.3mil), and industrial products & services (RM48.7mil),” MIDF said in its weekly fund flow report.
Local institutions were net sellers only on Monday, with a sell-off of RM79.9mil, and net buyers for the remainder of the week, recording a total net buy of RM641.9mil.
Meanwhile, local retail investors became net sellers on Bursa Malaysia after buying for the previous weeks, selling RM170mil in equities.
Meanwhile, local retail investors turned net sellers on Bursa Malaysia after weeks of buying, selling RM170mil in equities.
The average daily trading volume (ADTV) showed increase across all investor classes except for foreign investors, lower by 10.2%. Local retailers experienced the highest gain at 24.9%, while local institutions recorded an increase of 11.4%.
