KUALA LUMPUR: Foreign investors maintained their net buying stance on Bursa Malaysia for the second consecutive week, which saw a net inflow of RM676.7mil for the week ended Oct 10, according to MIDF Research.
The acquisition was nearly four times the amount purchased in the previous week. Every day of the week recorded net buying, with Monday registering the highest inflow at RM359.2mil.
MIDF said the top three sectors with net foreign inflows for the week were financial services (RM194.4mil), utilities (RM123.1mil), and healthcare (RM111.3mil).
Energy (-RM23.8mil), consumer products & services (-RM23.1mil) and REITs (-RM1.5mil) were the only three sectors that recorded net foreign outflows.
“Local institutions recorded net sales of -RM551.2mil last week, marking the second consecutive week of net selling. Every day of the week witnessed net selling, with the highest outflow occurring on Monday at RM226.9mil,” MIDF said in its weekly fund flow report.
“Local retailers extended their net selling streak for the fifth consecutive week, with net sales amounting to RM125.5mil,” it added.
Outflows were observed from Monday to Wednesday, while Thursday and Friday recorded inflows of RM13.0mil and RM29.7mil respectively.
In terms of participation, there were increases in average daily trading volume among foreign investors by 8.5%, local retailers by 10.1% and local institutions by 11.2%.
