KUALA LUMPUR: Foreign investors dumped Malaysian equities for the eighth straight week, with net outflows swelling to RM1.41bil, more than four times the RM314.4mil a week earlier.
MBSB Research, in its weekly fund flow report, noted that foreign investors were net sellers on every trading day of the week.
The research house said outflows ranged from RM95.4mil to RM510.1mil, with the largest on Tuesday, followed by Friday (RM330.9mil), Monday (RM267.1mil) and Thursday (RM201.9mil). Wednesday saw the smallest outflow at RM95.4mil.
“The top three sectors that recorded net foreign inflows last week were transportation and logistics at RM44.5mil, construction at RM30.6mil and industrial products and services at RM23.9mil.
“The top three sectors that recorded the highest net foreign outflows were from financial services at RM752.6mil, consumer products and services at RM279.9mil and utilities at RM159.4mil,” MBSB said.
Meanwhile, local institutions extended their net buying streak to a fifth straight week with purchases of RM1.16bil.
Local retailers also turned net buyers, snapping a two-week selling streak with a net inflow of RM249.4mil.
The average daily trading volume (ADTV) rose across the board last week, with foreign investors up 76.4% and local institutions up 13.3%, while retail investors posted a more modest 14.9% increase.
