KUALA LUMPUR: Local institutions extended their net buying on Bursa Malaysia to three consecutive weeks, recording net inflows of RM99.9mil last week, according to MBSB Investment Bank Bhd (MBSB IB).
The investment bank said retailers also extended their net buying streak, marking the seventh consecutive week of net inflows with RM258.2mil.
On the other hand, foreign institutions were net sellers for the third straight week, recording RM358.1mil in net outflows during the week, MBSB IB said.
“Foreign institutions were net sellers on all five trading days,” it said.
The top three sectors were technology at RM240mil, industrial products and services at RM102mil, and transportation and logistics at RM74mil. — Bernama
