KUALA LUMPUR: Foreign investors continued their selling streak on Bursa Malaysia for the 23rd week in a row, with a net outflow of RM1.15bil, slightly down from RM1.25bil the previous week.
In its weekly fund flow report, MIDF Research noted that foreign investors were net sellers on every trading day, with Friday seeing the largest outflow of RM384.0mil. On the other days, outflows ranged from RM56.0mil to RM284.1mil.
“Only two sectors that recorded net foreign inflows were construction (RM7.1mil) and plantation (RM3.9mil).
“The top three sectors that recorded the highest net foreign outflows were financial services (-RM564.4mil), consumer products & services (-RM142.3mil) and healthcare (-RM118.1mil),” MIDF said.
Meanwhile, local institutions remained a strong buffer against foreign selling, marking their 23rd consecutive week of net buying with inflows of RM1.24bil.
Local retail investors reversed their six-week buying streak, turning net sellers with an outflow of –RM87.9mil.
The average daily trading volume (ADTV) saw broad-based decrease. Foreign investor participation plunged by –34.7%, while local institutions and local retail saw declines of –12.7% and –13.8%, respectively.
