KUALA LUMPUR: The outflow of foreign funds from Bursa Malaysia continued for a 15th consecutive week, with RM503.3mil in offshore dollars leaving the domestic market, said MIDF Research in its weekly fund flow report.
This comes in line with the flow of investment funds from Asian markets to the US as investors braced for the implementation of US trade tariffs on its trading partners.
In the domestic market, the sectors that led net foreign outflows were utilities (RM256.9mil), property (RM63.3mil) and industrial products and services (RM50.1mil).
The sectors with the highest net foreign inflows were financial services (RM38.1mil), REITs (RM2.3mil) and telecommunications and media (RM1.9mil).
Meanwhile, local institutions remained supporters of the local bourse for 15 straights weeks, with net purchases of RM149.4mil in domestic equities.
"They net bought on two out of the three trading days last week, ending a 48-day streak of consecutive trading day inflows, with an outflow of RM37.9mil on Friday," said MIDF.
Local retail investors also net bought local equities for a fourth straight week, with RM353.9mil in net purchases.
The average daily trading volume (ADTV) saw declines across the board last week.
Foreign investors saw a decrease of 15.9% while local institutions and local retailers saw a decline of 25.7% and 15.4% respectively.
