KUALA LUMPUR: Foreign investors net bought Malaysian stocks worth almost RM535 million during the four trading days last week after turning net seller the week before.
They net bought RM253.7 million on Tuesday, RM163.6 million on Thursday and RM186.8 million on Friday, according to MIDF Research.
Meanwhile, the foreign investors net sold RM69.1 million on Wednesday, the firm said in its weekly fund flow report on Monday.
The sectors with the highest net foreign inflows last week were utilities (RM167.5 million), transportation and logistics (RM134.5 million), and technology (RM115.7 million).
The sectors with the highest net foreign outflows were plantation (RM108.2 million), telecommunication & media (RM32.1 million), and energy (RM22.4 million), MIDF said.
MIDF said that 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," it said.
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.
On the international front, MIDF said a majority of the markets advanced last week, with 15 out of the 20 indices registering gains.
The top three decliners were the Jakarta Composite Index (1.04 per cent), Thailand's SET (0.96 per cent) and the FTSE 100 (0.36 per cent), it said.