KUALA LUMPUR: Local institutions have extended a five-week streak of net purchases, recording inflows of RM280.7mil last week.
In its fund-flow report for the week ended Nov 7, MBSB Research (MBSB Research) said local retailer investors, however, reversed a single week of net buying, reverting to net selling at RM195.2mil.
Foreign investors, meanwhile, lengthened their selling streak to five weeks, posting a net outflow of RM85.4mil.
“Foreign investors were net sellers on three out of five trading days last week, with Monday seeing the highest net selling activity at RM158.8mil, followed by Thursday, and Friday ,” the research house said.
MBSB Research said inflows were recorded on Wednesday and Tuesday.
It said the top three sectors that recorded net foreign inflows last week were plantations, consumer products and services, and healthcare.
The top three sectors that recorded net foreign outflows were utilities, telecommunications and media, and technology.
Average daily trading volume experienced a broad-based decrease last week.
Local retailers and local institutions recorded decreases of 6.4% and 15.2%, respectively, while foreign investors saw an increase of 3.2%, the research house said.
TA research said, externally, risk appetite is expected to stay restrained amid growing uncertainty over the US Federal Reserve’s interest rate path, exacerbated by signs of a softening US labour market. — Bernama
