KUALA LUMPUR: Foreign investors ended their six-week net buying streak last week, recording net outflows of RM65.7mil in the shortened trading week due to Chinese New Year holidays, according to MBSB Investment Bank Bhd.
In its fund flow report for the week ended Feb 20, MBSB said the largest outflow was recorded last Monday (down RM142.2mil), followed by last Friday (down RM52.7mil), and the only inflow was recorded last Thursday (RM129.2mil).
“The top three sectors that recorded net foreign inflows were financial services (RM138.4mil, utilities at RM79.2mil), and energy (RM17.1mil). The top three sectors that recorded net foreign outflows were consumer products and services (down RM177.4mil), property (down RM37.7mil), and healthcare (down RM37.1mil),” it said.
According to MBSB, local institutions recorded a net outflow of RM50.2mil, marking their third consecutive week of net selling. — Bernama
