KUALA LUMPUR: Bursa Malaysia registered a 20th consecutive week of net selling by foreign investors as the geopolitical tension sparked by the US trade tariffs continued to weigh on sentiment for equities.
In its weekly fund flow report, MIDF Research reported that there was a net foreign outflow of RM881.5mil from Malaysia's stock market.
This was in line with the broader sentiment in the region. According to MIDF's data, the only key market in the region that recorded a net foreign inflow in the past week was the Philippines, with all others falling into the red.
During the week, foreign investors on Bursa Malaysia were net sellers on every trading day.
The sectors that recorded the most net foreign ouflows were financial services (RM407mil), consumer products and services (RM215.1mil) and utilities (RM167.1mil).
Sectors that registered the highest net foreign inflows were technology (RM40mil), telecommunications and media (RM26.2mil) and plantations (RM10.1mil).
Local institutions remained net buyers of local equities for the 20th consecutive week with a net inflow of RM617.3mil.
Local retail investors were buyers for a fourth straight week with a net inflow of RM264.2mil.
The average daily trading volume (ADTV) saw declines across the board except for local institutions.
Foreign investors and local retail experienced a decline of 35.6% and 3%, respectively, while local institutions saw an increase of 1.2%.
