KUALA LUMPUR: Foreign investors extended their selling streak on Bursa Malaysia for the ninth consecutive week, registering outflows of RM1.07 billion last week.
MIDF Research said they recorded net selling every day last week, with the highest outflow recorded on Tuesday at RM368 million.
This was followed by Friday (RM235.2 million), Monday (RM176.3 million), Wednesday (RM150.2 million), and Thursday (RM135.4 million).
The sectors with the highest net foreign inflows were property (RM42.6 million), technology (RM40.2 million), and plantation (RM29.4m).
The sectors that recorded the highest net foreign outflows were financial services (RM500.5 million), healthcare (RM168.9 million), and utilities (RM160.5 million).
Conversely, local institutions continued to support the local bourse for the ninth consecutive week, with net purchases totalling RM1.05 billion in domestic equities.
Local retailers turned net buyers of domestic equities, recording RM13.8 million in net purchases after four consecutive weeks of net selling.
The average daily trading volume (ADTV) increased across all investor categories last week.
Local retail investors and foreign investors recorded double-digit increases, rising by 10.2 per cent and 20.9 per cent respectively.
Local institutional investors saw a more modest increase of 5.7 per cent.