KUALA LUMPUR: Foreign investors channelled their funds back into Bursa Malaysia again after the heavy selloff the previous week with a net buying of RM299.6 million, according to MIDF Research.
The research firm said the foreign investors only net sold RM74.3 million on Monday but were net buyers for the rest of the week.
The strongest day of net buying was on Friday at RM288.3 million.
"The top three sectors that were net bought by foreign investors last week were financial services (RM620.6 million), telecommunication and media (RM93.9 million) as well as transportation and logistics (RM40.8 million).
"The top three sectors that were net sold by foreign investors were technology (RM143.8 million), property (RM113.3 million), and industrial products and services (RM100.7 million)," the firm in its weekly fund flow report.
On the contrary, local institutional investors only net bought on Monday at RM55.7 million but were net sellers for the rest of the week.
In total, they recorded outflows amounting to RM328.9 million last week.
Meanwhile, local retailers net bought equities totalling RM29.3 million.
According to MIDF Research, the average daily trading volume (ADTV) showed declines across all investor classes.
"Local retailers recorded the highest decline at 45 per cent, while local institutions and foreign investors recorded declines of 39.9 per cent and 43.5 per cent, respectively," it said.