KUALA LUMPUR: Foreign investors on Bursa Malaysia extended their selling streak into a third consecutive week, leading to a net outflow of RM392 million, in line with a broader regional trend of foreign investor outflow.
According to MIDF Research, foreign investors were net sellers for most trading days, except for Monday and Wednesday.
Thursday saw the largest amount of outflow of RM368.3 million.
While foreign investors generally pulled back, some sectors saw net buying activity, including in plantation (RM130.2 million), construction (RM71.3 million), and industrial products & services (RM48.7 million), indicating selective interest in Malaysia's commodity-linked and industrial sectors, the research firm said.
Elsewhere in Asia, foreign investors continued their sell-off in Asian equities for the sixth consecutive week, with total outflows across seven monitored markets amounting to -USD3.42 billion.
While the pace of selling has slightly moderated compared to the previous week's -USD4.1 billion, most Asian markets, including Malaysia, sustained net outflows as global uncertainty impacted investor sentiment.
The research firm said local institutional investors were net buyers for the week purchasing RM641.9 million worth of equities, except for Monday, when they net sold RM79.9 million.
Meanwhile local retail investors shifted to net selling after weeks of net buying, offloading RM170 million in equities.