KUALA LUMPUR: Foreign investors have net sold equities on Bursa Malaysia for a fourth straight week to the tune of RM259.8mil.
The offshore funds flowed out of the market on every day of the last week with the heaviest net outflow coming in at RM104.4mil on Monday.
The negative performance was in line with the weak sentiment in Asian markets with foreign investors net selling equities for seven consecutive weeks, said MIDF Research.
The research firm, which monitors eight countries in the region, said investors continued to digest the potential impact of US President-elect Donald Trump's proposed tariffs and policies, if implemented.
On Bursa Malaysia, the three sectors that recorded the highest net foreign outflows were transport and logistics (RM120.2mil), utilities (RM98.5mil) and consumer products and services (RM79.2mil).
The sectors that saw the most net inflows were plantations (RM72.9mil), healthcare (RM64mil) and property (RM29mil).
"As opposed to foreign investors, local institutions were net buyers of Malaysian equities for the fourth consecutive week, net buying RM207.7mil last week.
"Local retail investors were net buyers last week at RM52.1mil," said MIDF in its weekly fund flow report.
