KUALA LUMPUR: Foreign investors continued their buying spree on Bursa Malaysia for the fifth consecutive week after purchasing RM474.1 million.
MIDF Research said in a report that it was a shortened trading day last week in conjunction with the Wesak Day holiday on Wednesday.
Foreign investors net bought RM102.6 million on Monday and RM474.5 million on Thursday and sold RM26.2 million on Tuesday as well as RM76.8 million on Friday.
"The sectors with the highest net foreign inflows last week were transportation & logistics (RM221.4 million), technology (RM183.3 million), and construction (RM77.0 million), while the sectors with the highest net foreign outflows last week were plantation (RM40.7 million), healthcare (RM34.2 million), and consumer products & services (RM34.0 million)."
Local institutions continued their net selling streak for the fourth week in a row, with a total of RM192.5 million. They net sold RM36.1 million on Monday and RM355.3 million on Thursday and bought RM101.9 million on Tuesday and RM97.0 million on Friday.
Meanwhile, local retailers persisted in their net sales, now stretching into their 11th straight week after they sold RM281.6 million.
Average daily trading volume increased for local retailers by 7.1 per cent, local institutions saw a 12.4 per cent rise, and foreign investors were up 18.3 per cent.