KUALA LUMPUR: Foreign investors turned net buyers on Bursa Malaysia last week, snapping six consecutive weeks of net selling with net inflows of RM127mil, according to MBSB Research.
The return of foreign funds came during a shortened trading week, with the market closed on Wednesday in conjunction with Malaysia Day.
“Foreign institutions were net buyers on three out of four trading days during the week,” MBSB Research said.
The largest net inflow was recorded on Friday at RM56.5mil, followed by Monday at RM50.6mil and Thursday at RM37.3mil.
Meanwhile, Tuesday was the only day that saw a net outflow, at RM17.5mil.
The plantation sector recorded the largest net foreign inflow at RM131.1mil, followed by utilities at RM84.5mil and healthcare at RM84mil.
In contrast, financial services saw the largest net foreign outflow at RM309.7mil, followed by industrial products and services at RM125.2mil and property at RM4.8mil.
Local institutions extended their net selling streak to a second consecutive week, recording net outflows of RM368mil.
Meanwhile, retail investors remained net buyers for a fourth consecutive week, with net inflows of RM241mil.
Average daily trading volume (ADTV) was mixed, with activity among foreign institutions surging 41.3% and local institutions rising 10.6%, while retail participation fell 7.7%.
