KUALA LUMPUR: Foreign investors net bought RM535.0 million worth of Malaysian stocks last week after turning net seller the week before, according to MIDF Research.
It was a shortened trading week in conjunction with the Agong's Birthday on Monday.
Foreign investors net bought RM253.7 million on Tuesday, RM163.6 million on Thursday and RM186.8 million on Friday.
"Meanwhile, they net sold RM69.1 million on Wednesday.
The sectors with the highest net foreign inflows last week were utilities (RM167.5 million), transportation & logistics (RM134.5 million), and technology (RM115.7 million).
"While the sectors with the highest net foreign outflows were plantation (RM108.2 million), telecommunication & media (RM32.1 million), and energy (RM22.4 million)," it said.
In contrast, local institutions returned to net selling to the tune of RM293.5 million after briefly net buying the week before.
Local retailers returned to net selling again, disposing of RM242.5 million worth of equities after briefly net buying the week before.
They net sold for the whole week.
In terms of participation, the average daily trading volume (ADTV) declined across the board by 6.3 per cent for retailers, 2.7 per cent for local institutions and 21.7 per cent for foreign investors.