KUALA LUMPUR: Foreign investors continued their trend of net buying on Bursa Malaysia for the third consecutive week, with a net inflow of RM961.1 million.
The latest net buying showed slight moderation from the previous week's RM1.06 billion, according to the latest weekly fund flow report by MIDF Research.
"Throughout last week, every trading day except Thursday saw net buying activity.
"Foreign investors reverted to net buyers again on Friday, likely influenced by Bank Negara Malaysia's decision to maintain the overnight policy rate at 3.00 per cent," it noted.
MIDF Research said sectors that recorded the highest net foreign inflows were financial services (RM268.2 million), utilities (RM242.9 million) and transportation and logistics (RM114.0 million).
The only sectors with net foreign outflows were industrial products and services (RM8.9 million) and REITs (RM3.8 million).
The research house added that local institutions continued their trend of net selling for the second consecutive week, amounting to RM724.9 million.
At the same time, local retailers continued to dispose of domestic equities for the ninth consecutive week, at RM236.2 million.
In terms of participation, the average daily trading volume (ADTV) increased for local retailers (17.4 per cent) and local institutions (1.3 per cent), whereas those by foreign investors declined to 9.9 per cent.
Meanwhile, MIDF Research noted that foreign investors shifted to selling Asian equities, totalling a net of US$549.8 million across the eight markets it monitors.
The majority of the foreign outflows were observed in India.
