KUALA LUMPUR: The net outflow of foreign funds from Bursa Malaysia continued for a fifth straight week at a rate of RM258.6mil.
The net foreign selling was significantly decreased from RM731.8mil outflow recorded in the previous week.
According to MIDF Research data, every trading day of the past week recorded net selling by foreigners, except for Wednesday.
"The heaviest net selling was recorded on Thursday at RM179mil. They net sold at lower rates on Monday, Tuesday and Friday at -RM52.2ml, RM36.2mil and RM12.6mil.
"In contrast, Wednesday was the only net buying day by foreign investors at a rate of RM21.4mil," it said in its weekly fund flow report.
It added that the top three sectors with the most net foreign inflows were telecommunications and media (RM38.5mil), construction at RM35.2mil and consumer products and services (RM32mil).
Meanwhile, the top three sectors with new foreign outflows were financial services (RM125.7mil), plantations (RM108.2mil) and healthcare (RM78.6mil).
Local intitutions remained net buyers on Bursa Malaysia with RM223.1mil net purchases int he past week.
MIDF said local institutions were net buyers on every day of the trading week with the heaviest net buying on Thursday to the sum of RM134.81mil.
Local retailers were also net buyers to the tune of RM35.6mil.
"Foreign investors have been net buyers for 27 out of the 50 weeks of 2022, with a total net inflow of RM4.54bil.
"Local institutions were net sellers for 32 out of 50 weeks, with a total net outflow of RM6.66bil.
"Local retailers have been net buyers for 32 out of 50 weeks. Year-to-date, they have been net buyers at RM2.13bil," said MIDF.
In terms of participation, there was a decline in average daily trading volume (ADTV) among local institutions, retailers and foreign investors by 12.55%, 12.29% and 9.02% respectively.
