KUALA LUMPUR, Nov 14 — Foreign investors maintained their status as net buyers on Bursa Malaysia for the second consecutive week last week, snapping up RM676.7 million worth of local equities — nearly four times the amount purchased the previous week.
MIDF Research said buying activities were seen every trading day of the week, with Monday registering the highest inflow at RM359.2 million.
“The top three sectors with net foreign inflows were financial services (RM194.4 million), utilities (RM123.1 million), and healthcare (RM111.3 million).
“Meanwhile, the only three sectors that recorded net foreign outflows were energy (-RM23.8 million), consumer products and services (-RM23.1 million) and REITs (-RM1.5 million),” it said in its Fund Flow Report for the week ended November 10.
The research firm said local institutions recorded net sales of -RM551.2 million last week, marking their second consecutive week of net selling.
The highest outflow occurred on Monday at RM226.9 million.
Local retailers also extended their net selling streak for the fifth consecutive week, with net sales amounting to RM125.5 million.
Outflows were observed from Monday to Wednesday, while Thursday and Friday recorded inflows of RM13.0 million and RM29.7 million, respectively.
In terms of participation, the average daily trading volume among foreign investors increased by 8.5 per cent, local retailers by 10.1 per cent and local institutions by 11.2 per cent.
— Bernama
