KUALA LUMPUR: Foreign investors turned net buyers on Bursa Malaysia last week, ending a nine-week selling streak since July with a net equities inflow of RM223.9 million, according to MBSB Investment Bank Bhd (MBSB IB).
In its weekly Fund Flow Report, the investment bank said foreign investors were net buyers on three of the five trading days, with Friday recording the largest net inflow at RM230.7 million.
This was followed by Thursday at RM107.1 million and Tuesday with RM28.0 million, while the largest outflow occurred on Monday (RM80.4 million), followed by Wednesday (RM61.6 million).
"The top three sectors that recorded net foreign inflows last week were industrial products (RM132.1 million), plantations (RM93.9 million) and construction (RM92.8 million).
"The sectors that posted the highest net foreign outflows were financial services (RM155.9 million), healthcare (RM48.3 million) and consumer (RM47.6 million)," it said.
MBSB IB noted that local institutions ended their six-week buying streak, registering a net outflow of RM133.0 million last week.
"Local retailers also turned net sellers, ending a two-week run of purchases, with net withdrawals of RM90.9 million," it shared.
The bank also pointed out that average daily trading volume declined across all investor groups during the week.
Retail investors and local institutions posted contractions of -1.83 per cent and -14.9 per cent, respectively, while foreign investors recorded a sharper decline of -18.9 per cent, it added. - Bernama
