KUALA LUMPUR: Foreign investors extended their selling spree on Bursa Malaysia for the ninth consecutive week, posting outflows of RM1.07bil last week.
In its weekly fund flow report, MIDF Research noted that foreign investors recorded net selling every day last week, with the highest outflow on Tuesday at RM368mil.
This was followed by Friday (-RM235.2mil), Monday (-RM176.3mil), Wednesday (-RM150.2mil), and Thursday (-RM135.4mil).
“The sectors that recorded the highest net foreign inflows were property (RM42.6mil), technology (RM40.2mil), and plantation (RM29.4mil), while the sectors that recorded the highest net foreign outflows were financial services (-RM500.5mil), healthcare (-RM168.9mil), and utilities (-RM160.5mil),” MIDF said.
Conversely, local institutions continued to support the local bourse for the ninth consecutive week, with net purchases totalling RM1.05bil in domestic equities.
Local retailers turned net buyers of domestic equities, recording RM13.8mil in net purchases after four consecutive weeks of net selling.
