KUALA LUMPUR: Foreign investors reversed their five-week net buying streak of Malaysian stocks, registering net selling of RM276.4 million last week.
MIDF Research said the peak net selling occurred on Thursday at RM95.4 million,
followed by Monday at RM92.5m, while the remaining days of the week saw outflows of less than RM40.0 million.
The top three sectors with net foreign inflows last week were utilities (RM118.5 million), property (RM19.1 million), and Construction (RM9.4 million).
The top three sectors with net foreign outflows were consumer products and services (RM191.3 million), transport and logistics (RM62.3 million) and Industrial products and services (RM48.4 million).
In contrast, local institutions switched to net buyers at RM194.0 million after five consecutive weeks of net selling.
"Every trading day recorded net buying except for Tuesday when there was an outflow of RM21.4 million.
"On that day, local institutions were observed selling shares of CIMB Group Holdings Bhd (RM25.5 million), YTL Power International Bhd (RM16.7 million) and Public Bank Bhd (RM15.3 million)," MIDF Research said.
Local retailers sustained their net buying of domestic equities for the second consecutive week, totalling RM82.4 million.
This represents a significantly moderated rate compared to the RM210.9 million net buying recorded in the previous week.
In terms of participation, there were declines in average daily trading volume across the board - local retailers (15.3 per cent), local institutions (16.4 per cent) and foreign investors (49.9 per cent).
