KUALA LUMPUR: The foreign outflow in Bursa Malaysia slowed to RM426.6mil net over the holiday-shortened week, as compared to a net loss of RM1.15bil in the week prior.
According to MIDF Research, there was net foreng selling on every trading day, with the outflow peaking at RM329.9mil last Friday.
The sectors that ercorded the highest net foreign outlows were industrial products and services (RM249mil), financial services (RM247.6mil) and technology (RM128.4mil).
Only two sectors registered net foreign inflows, namely utilities (RM72.6mil) and REITs (RM15.7mil).
Local institutions continued to shore up the domestic market, recording a 24th straight week of buying to the sum of RM369.1mil net.
Local retail investors returned to net buying with RM57.5mil net.
The average daily trading volume (ADTV) saw a broad-based decrease.
Foreign investor and local institution participation plunged by 11.7% and 28.8% respectively, while local retail saw an increase of 2.2%.
