KUALA LUMPUR: Foreign investors remained net buyers of local equities for a third straight week, although the pace slowed to RM172.4mil from RM676.7mil in the previous week.
During the holiday-shortened week, the highest net foreign inflow was seen on Wednesday with RM191.9mil net.
The other day with net foreign inflow as Thursday, which recorded a net purchase of RM43.7mil.
According to MIDF Research, the sectors with the highest net foreign inflows were utilities (RM115.2mil), healthcare (RM63.5mil) and transport and logistics (RM51.9mil) while the leading net foreign outflows were industrial products and services (RM41.6mil), consumer products and services (RM31mil) and technology (RM30.8mil).
Local institutions registered net sales of RM95.6mil for the third consecutive week of net selling.
There was net outflow on each of the trading days except for Friday when Bank Negara announced Malaysia gross domestic product in 3Q.
Local retailers remained net sellers for a sixth straight week with net sales of RM76.8mil.
In terms of participation, there were increases in average daily trading volume (ADTV) among local retailers by 3.6% and foreign investors by 3.3%, but a decline among the local institutions by 7.4%.
