KUALA LUMPUR: Net inflow of funds from foreign investors on Bursa Malaysia stretched into its fifth consecutive week, with some RM246.3 million stocks bought last week.
This was a reduction of 35.7 per cent, from the previous week.
According to MIDF Research, foreign investors briefly net sold -RM70.0 million on Monday but were net buyers for the rest of the week.
The top three sectors with the highest net foreign inflows were financial services (RM150.6 million), utilities (RM132.2 million), and healthcare (RM64.6 million), while the top three sectors with the highest net foreign outflows were consumer products & services (-RM112.1 million), transport & logistics (-RM48.9 million) and energy (-RM20.6 million).
As opposed to foreign investors, local institutions continued to net sell for the fifth consecutive week, disposing of RM457.2 million of equities.
They net bought RM7.5 million on Monday but net sold from Tuesday to Friday.
After seven weeks of net selling, local retailers net bought RM210.9 million on Bursa Malaysia last week, net buying every day of the week, something last seen in early January 2023.
In terms of participation, there were increases in average daily trading volume across the board among local retailers (+4.5 per cent), local institutions (+7.7 per cent), and foreign investors (+110.2 per cent).
