KUALA LUMPUR: Last week marked 17 consecutive weeks of foreign outflow from Bursa Malaysia, as offshore funds dumped RM203.2mil net of Malaysian equities.
Helping to support the domestic market during this extended period of foreign selling, local institutions remained net buyers last week with net purchases of RM77.9mil.
Local retailers, however, turned net sellers last week with a net inflow of RM125.3mil in equities.
According to MIDF's weekly fund flow report, the sectors that saw the most net outflows were utilities (RM151.1mil), energy (RM103.1mil) and healthcare (RM69.1mil).
The sectors with the most net inflows were construction (RM64.9mil), consumer procuts and services (RM38.4mil) and financial services (RM17.3mil).
The average daily trading volume (ADTV) saw inclines across the board last week. Foreign investors saw an increase of 9.5% while local institutions and local retailers also saw a surge of 9.9% and 7% respectively.
