KUALA LUMPUR: Foreign investors maintained their status as net sellers on Bursa Malaysia for the third consecutive week selling a total of RM415.1 million, moderating from the RM1.51 billion amount sold in the previous week.
MIDF Research said foreign investors only net bought RM46.5 million on Tuesday but were net sellers for the rest of the week.
"The sectors with the highest net foreign inflows were property (RM81.1 million), construction (RM37.1 million) as well as transportation and logistics (RM17.7 million). "Meanwhile, the sectors that recorded the highest net foreign outflows were financial services (RM186.0 million), plantation (RM115.7 million) and energy (RM59.6 million)," it said in a note.
Local institutions continued their trend of net buying for the third consecutive week as they net bought RM575.8 million.
As opposed to foreign investors, it said they were net sellers at RM24.0 million on Tuesday but were net buyers for the entire week.
"Local retailers shifted their stance to net selling at RM160.7 million, after briefly net buying for two weeks. "They net sold every day last week and have been net sellers for seven consecutive trading days," it said.
In terms of participation, MIDF said the average daily trading volume (ADTV) rose across all investor classes."Local retailers saw an increase of 13.9 per cent while local institutions and foreign investors saw increases of 11.2 per cent and 30.1 per cent respectively," it added.
Ends