KUALA LUMPUR: Foreign funds exited the Malaysian stock market for a fourth consecutive week last week with a net outflow of RM444.4mil.
The net outflow was at odds with most Asian regional markets, which registered net inflows of foreign funds over the past week, according to MIDF Research data.
On Bursa Malaysia, foreign investors were net sellers on every trading day, except Wednesday.
By sector, the highest net foreign outflows were recorded in financial services (RM305.2mil), healthcare (RM51.7mil) and property (RM36.8mil).
The highest net foreign inflows were recorded in industrial products and services (RM19.4mil), transport (RM17.3mil) and REITs (RM8.2mil).
Local institutions were seen stepping in during the week to extend their buying streak to four weeks, with a net inflow of RM620.6mil.
Local retailers were net sellers for a second straight week, with a net outflow of RM176.2mil.
The average daily trading volume (ADTV) saw a broad-based incline
last week, with the exception of foreign investors.
Local institutions and local retailers saw an increase of 12.6% and 14.6% respectively, while foreign investors saw a plunge of 8.4%.
