KUALA LUMPUR: Foreign investors continued to pare their positions on Bursa Malaysia for a second consecutive week, with total net outflows amounting to RM363.3mil, according to MBSB Research.
In its weekly fund flow report, MBSB noted that the bulk of the outflows occurred on Monday, amounting to RM133.8mil, followed by Tuesday with RM132.8mil and Wednesday with RM104.5mil.
Foreign investors then turned marginal net buyers on Thursday, recording inflows of RM2.6mil, and on Friday, with RM5.1mil in net purchases.
The top three sectors that recorded net foreign inflows last week were financial services at RM153.1mil, followed by industrial products and services with RM80.9mil and plantation with RM35.5mil.
In contrast, the utilities sector saw the largest net foreign outflows at RM355.7mil, followed by construction with RM74.1mil and consumer products and services with RM64.1mil.
“Local institutions extended their buying streak to a fifth consecutive week, recording net inflows of RM508.6mil.
“Local retailers registered a third consecutive week of net outflows, totalling -RM145.3mil,” MBSB said.
Meanwhile, average daily trading volume saw a broad-based increase, with activity by local retailers rising 2.0%, local institutions increasing 4.5%, and foreign investors climbing 5.1%.
