KUALA LUMPUR: Foreign investors returned to Bursa Malaysia last week, snapping five consecutive weeks of net selling with net inflows of RM323.1mil, according to MBSB Research.
In its weekly fund flow report, the research house noted that foreign institutions were net buyers on four of the five trading days.
The largest inflow was recorded on Wednesday at RM117.4mil, followed by Tuesday at RM117.2mil, Friday at RM68.6mil and Thursday at RM32.3mil.
Monday was the only day of net selling, with outflows of RM17.3mil.
MBSB said financial services attracted the highest foreign inflows at RM437.1mil, followed by transportation and logistics at RM169.5mil and construction at RM73.4mil.
In contrast, plantation stocks recorded the largest foreign outflows at RM163.2mil, followed by technology at RM110.9mil and industrial products and services at RM102.4mil.
Meanwhile, local institutions turned net sellers after recording inflows in the previous week, disposing of RM457.7mil worth of equities.
Retail investors extended their net buying streak to 10 consecutive weeks, with net purchases of RM134.6mil.
In terms of trading activity, average daily trading volume among foreign investors rose 8.9% week-on-week, while retail participation increased 3.7%.
Local institutional trading volume, however, declined 6.4%.
