KUALA LUMPUR: Foreign investors turned net buyers of Bursa Malaysia equities last week, snapping a four-week selling streak, with net inflows of RM42.5 million.
MBSB Investment Bank Bhd said in its fund flow report for the week ended Jan 9 that foreign investors were net buyers on two of the five trading days, posting the largest inflow on Friday at RM191.0 million.
This was followed by Wednesday, which saw inflows of RM80.4 million. The heaviest outflows were recorded on Tuesday at RM153.4 million, followed by Thursday at RM55.7 million and Monday at RM19.8 million.
The top three sectors with net foreign inflows were industrial products and services at RM206.7 million, property at RM69.0 million, and technology at RM63.0 million, the bank said.
Meanwhile, the sectors with the largest net foreign outflows were utilities at RM207.5 million, plantation at RM123.5 million, and real estate investment trusts at RM30.2 million.
MBSB Investment added that local institutions extended their buying streak for an eighth consecutive week, recording net inflows of RM126.6 million.
Local retailers, however, remained net sellers for a sixth straight week, with net outflows totalling RM169.2 million.
Average daily trading volume rose across all investor groups, led by foreign investors with a 67.3 per cent increase, followed by local institutions at 36.7 per cent and local retailers at 30.5 per cent. - Bernama
