KUALA LUMPUR: Foreign investors took profit last week, net selling RM527.0 million in equities after six weeks of net buying.
The highest outflow was seen in financial services (-RM193.7 million), technology (-RM137.3 million) and consumer products & services (-RM50.7 million) stocks.
Utilities, industrial products and services and healthcare stocks saw the highest net inflows.
Foreign investors net bought RM40.9 million utilities, RM24.8 milion industrial products and services, and RM8.2 milion healthcare.
Local institutions supported the market with net buys of RM240.3 million, marking their third consecutive week of buying.
Local retailers net bought RM286.7 million after two weeks of selling.
Average daily trading volume declined across all investor classes, with foreign investors down 34.0 per cent, local institutions down 21.2 per cent, and local retailers down 7.6 per cent.