KUALA LUMPUR: Foreign investors sold RM441.1 million net of equities after two consecutive weeks of net inflows, according to MIDF Research.
In its weekly fund flow report, the firm said foreign investors recorded net selling every day in the shortened trading week in conjunction with the Hari Raya Haji holiday on Monday.
They net sold RM80.3 million on Tuesday, RM120.3 million on Wednesday, RM64.7 million on Thursday and RM175.8 million on Friday.
"The sectors which recorded the highest net foreign inflows last week were industrial products and services (RM130.4 million), technology (RM65.3 million), as well as transportation and logistics (RM64 million).
"The sectors with the highest net foreign outflows were financial services (RM529.9 million), healthcare (RM56.2 million) and plantation (RM36.4 million)," it added.
MIDF Research said the local institutions returned to net buying last week, amounting to RM274 million, after two weeks of net selling.
They only net sold RM27.9 million on Thursday while they net bought RM57.5 million on Tuesday, RM66.9 million on Wednesday and RM177.5 million on Friday.
"Similarly, local retailers also net bought last week at RM167.1 million after net selling for two straight weeks.
"They only net sold RM1.7 million on Friday and net bought for the rest of the week," it said.
MIDF Research said there was an increase in average daily trading volume of 36.1 per cent among foreign investors.
The local retailers and local institutional investors' participation saw a decline of 18.1 per cent and 11.1 per cent respectively.
