KUALA LUMPUR: The outflow of foreign funds from Bursa Malaysia persisted for a 12th straight week, with a net sum of RM502.2mil leaving the domestic market.
MIDF Research said in its weekly fund flow report that outflows were observed every trading day, with Thursday registering the largest outflow of RM162.3mil net.
The sectors with the highest net foreign outflows were utilities (RM142.7mil), financial services (RM130mil) and transport and logistics (RM92.5mil).
There were only two sectors that recorded net foreign inflows - construction (RM271.1mil) and REITs (RM20mil).
Local institutions continued to support the domestic market with a 12th consecutive week of net buying valued at RM281.8mil.
Local retailers, meanwhile, turned net buyers with RM220.3mil net inflow.
Trading activity surged across all categories, with average daily trading volume (ADTV) increasing by 30.8% for foreign investors, 29.8% for local institutions, and 19.8% for retail investors.
