KUALA LUMPUR: Foreign investors continued to be net buyers of equities on Bursa Malaysia for the fourth week in a row, according to MIDF Research.
They made net purchases every day last week, accumulating a total of RM798.3 million worth of shares.
"The largest inflow occurred on Wednesday, totalling RM286.0m, just before Bank Negara Malaysia decided to maintain the benchmark interest rate as expected," it said in its weekly fund flow report today.
The top three sectors that recorded the highest net foreign inflows were financial services (RM743.2 million), utilities (RM405.1 million), and healthcare (RM113.6 million).
"Meanwhile, the top three sectors with the highest net foreign outflows were consumer products & services (RM193.8 million), industrial products & services (RM116.0 million), and technology (RM68.4 million)," the firm said.
On local institutions, MIDF Research said they were net sold for the fourth consecutive week, totalling RM960.5 million, whereas local retailers were net buyers, with a total of RM162.2 million.
"The average daily trading volume (ADTV) showed declines among local retailers (14.6 per cent), local institutions (18.3 per cent), and foreign investors (35.8 per cent)," it added.