KUALA LUMPUR: Foreign funds have continued to leave Bursa Malaysia for the second consecutive week, resulting in a net outflow of RM357.7 million, according to MIDF Research.
In its weekly fund flow report, it recorded a net flow of -RM164.3 million on Monday, -RM76.3 million on Tuesday, and -RM265.7 million on Thursday.
"However, they net bought RM18.0 million on Wednesday and RM130.7 million on Friday," it said.
The research firm reported that the sectors with the highest net foreign inflows last week were in Industrial Products & Services (RM104.4 million), Technology (RM67.6 million), and Property (RM34.7 million).
Meanwhile, the sectors with the highest net foreign outflows were Financial Services (-RM206.9 million), Consumer Products & Services (-RM131.4 million), and Construction (-RM110.1 million).
MIDF Research said that local institutions continued to support the local bourse, marking a second consecutive week of net buying, amounting to RM354.9 million.
Similarly, local retailers also continued their trend of net buying for the second consecutive week, amounting to RM2.7 million.
In terms of participation, there were declines in average daily trading volume (ADTV) among all investor classes last week.
The firm observed that foreign investors experienced the largest decline at –34.4 per cent, while local retailers and local institutions saw declines of –19.5 per cent and –15.1 per cent, respectively.