KUALA LUMPUR: The outflow of foreign funds from Bursa Malaysia continued for a fifth consecutive week with net selling of RM165.3mil.
According to MIDF Research, this was in line with the sell off of Asian equities across the eight markets it tracked.
All countries it tracked, except for Thailand, experienced a net outflow for a combined total net outflow of US$2.84bil.
On Bursa Malaysia, the sectors that saw the most net selling activities by foreigners were utilities (RM90.6mil), transport and logistics (RM67.4mil) and consumer (RM58.8mil).
The sectors that saw the most net foreign buying were property (RM47.2mil), construction (RM36.7mil) and industrial (RM35.3mil).
Local institutions were the primary supporters of the local bourse, registering an inflow of RM250.6mil.
Local retailers turned net sellers last week, with outflows totalling RM85.3mil.
"The average daily trading volume (ADTV) showed declines across all investor categories.
"Foreign investors recorded a decline of 3.6%, while local institutional investors and retail investors saw decreases of 5.7% and 6.1%, respectively," said the research firm.
