KUALA LUMPUR: Foreign investors extended their net selling streak to the fifth consecutive week, recording a net outflow of RM1.14bil, which was three times higher than the previous week’s outflow of RM378.1mil, according to MBSB Research.
In its weekly fund flow report, MBSB said foreign investors were net sellers on every trading day, with outflows ranging from RM145.6mil to RM318.1mil.
The largest outflow was recorded on Tuesday, followed by Thursday with RM291mil, Monday with RM205.7mil and Wednesday with RM174.7mil, while Friday saw the smallest outflow.
“The only two sectors that recorded net foreign inflows last week were industrial products & services (RM62.7mil) and transportation & logistics (RM36.2mil).
“The top three sectors that recorded the highest net foreign outflows were financial services (-RM344.3mil), healthcare (-RM239.1mil) and utilities (-RM210.2mil),” MBSB said.
Meanwhile, local institutions chalked up a second week of net buying, with RM1.03bil in purchases, 3.9 times the previous week’s inflow of RM263.7mil.
Local retailers continued their net buying activities, extending to a fifth consecutive streak of purchases, posting a net inflow of RM105.5mil.
The average daily trading volume (ADTV) fell across the board last week, with declines of 6.6% for foreign investors and 6.1% for local retailers, while local institutions posted a 4.8% increase.
