KUALA LUMPUR: Foreign investors were net sellers on Bursa Malaysia for a second consecutive week, recording RM168.3 mil in net outflows.
In its weekly fund flow report, MBSB Research said foreign investors were net sellers on two of the four trading days during the week.
“The largest outflow was recorded on Thursday at RM244.3mil, followed by Monday at RM175.5mil. The largest inflows were recorded on Tuesday at RM159.7mil and Wednesday at RM91.8mil,” the research house said.
MBSB noted that the top three sectors that recorded net foreign inflows were plantation at RM156.8mil, industrial products & services at RM90.7mil and healthcare at RM61.0mil.
Meanwhile, the top three sectors that recorded net foreign outflows were financial services at RM399.3mil, consumer products & services at RM56.3mil and construction at RM46.0mil.
Local institutions recorded RM332.8mil in net inflows, extending their net buying streak to a second week.
MBSB said local retailers recorded net outflows of RM164.6mil, reverting to net selling after the previous week of inflows.
The average daily trading volume saw a broad-based decline, with local retailers down 12.7% and local institutions falling 14.6%, while foreign investors recorded an increase of 7.0%.
Around the region, MBSB said foreign investors extended their net selling streak to a fifth consecutive week, with total outflows of US$12.13bil across the eight markets it monitors.
Net selling was broad-based, with Indonesia the only market to record net foreign inflows, while outflows were led by Taiwan, India, South Korea, Vietnam, Thailand, Malaysia and the Philippines.
