KUALA LUMPUR: Foreign investors net bought RM217.6 million last week, resulting in the fifth straight week of net buying, according to MIDF Research.
Foreign investors net bought three out of five days in the week.
"As foreign investors continued to reposition their funds ahead of the Fed's expected easing this week, Bursa Malaysia continued to benefit from the stream of net inflows," the firm said in a note today.
MIDF Research said the top three sectors that recorded the highest net foreign inflows were utilities (RM335 million), property (RM52.8 million) and construction (RM49.4 million).
It said the top three sectors with the highest net foreign outflows were consumer products and services (-RM71.2 million), financial services (-RM47.3 million) and healthcare (-RM35.4 million).
Meanwhile, MIDF Research said local institutions snapped their four consecutive weeks of net selling after net buying RM3.5 million last week.
They net sold – RM274.6 million on Tuesday and –RM12.4 million on Friday but net bought for the rest of the week.
According to the firm, local retailers on the other hand, returned to net selling at – RM221.1 million after briefly net buying RM162.2 million the week before.
They only net bought RM16.7 million on Wednesday and net sold for the rest of the week.
"The average daily trading volume (ADTV) surged 12.5 per cent and 10.6 per cent among local institutions and foreign investors respectively while local retailers saw a decline of –5.4 per cent," it said.