KUALA LUMPUR: Foreign investors remained net sellers on Bursa Malaysia for a fourth consecutive week to the tune of RM259.7mil.
According to MIDF Research, the offshore funds were net sellers on every day of the past week.
MIDF Research said in its weekly fund flow report foreigners have been selling off equities in the eight key Asian markets it monitors, for a ninth consecutive week.
For the week ended Nov 29, there was a total outflow of US$4.62bil from the eight markets, with Taiwan recording the highest net foreign outflow.
Only India and Vietnam registered a net inflow, said MIDF.
Meanwhile, the sectors that registered the most foreign outflow in Malaysia were transport and logistics (RM1202mil), utilities (RM98.5mil) and consumer products and services (RM79.2mil).
The sectors that had the most net foreign inflows were plantations (RM72.9mil), healthcare (RM64mil) and property (RM29mil).
Local institutions were net buyers of Malaysian equities for a fourth straight week, with RM207.7mil last week.
Local retail investors were also net buyers with a sum of RM52.1mil.
MIDF said the average daily trading volume (ADTV) showed declines across all investor classes.
"Foreign investors registered clines of 8.8% while local institutional investors and local retail investors saw declines of 3.1% and 3.3% respectively."
