KUALA LUMPUR: Foreign investors continued to sell on Bursa Malaysia for the fifth consecutive week, with a total of RM165.3 million in outflows last week, MIDF Research said.
The research firm said every trading day experienced a net foreign outflow, except on Tuesday, which saw an inflow of RM66.3 million.
The heaviest outflow was recorded on Thursday at RM134.5 million, followed by Wednesday (RM47.1 million), Friday (RM39.6 million), and Monday (RM10.6 million).
The top three sectors that saw net buying activities by foreign investors were property (RM47.2 million), construction (RM36.7 million), and industrial (RM35.3 million).
The top three sectors that saw net selling activities by foreign investors were utilities (RM90.6 million), transport and logistics (RM67.4 million), and consumer (RM58.8 million).
Conversely, local institutions were the main supporters of the local bourse, registering an inflow of RM250.6 million.
Although Tuesday saw an outflow of RM19.6 million from this investor class, the inflows on other days of the week more than compensated for the outflow.
Meanwhile, local retailers turned net sellers last week, with outflows totaling RM85.3 million.
Every day saw an outflow from this investor group, except for Thursday, which recorded an inflow of RM12.7 million.
The average daily trading volume (ADTV) showed declines across all investor categories.
Foreign investors recorded a decline of 3.6 per cent, while local institutional investors and retail investors saw decreases of 5.7 per cent and 6.1 per cent, respectively.