KUALA LUMPUR: The net outflow of foreign funds from Bursa Malaysia entered an 11th consecutive week with net sales of RM427.1mil.
MIDF Research said in its weekly fund flow report the highest net outflow of the week was recorded last Friday at RM423.8mil.
On the performance of individual sectors, the highest net foreign outflows were recorded in construction (RM89.3mil), financial services (RM45.8mil) and plantation (RM45.5mil).
The highest net foreign inflows, meanwhile, were record in property (RM115.7mil), utilities (RM36.8mil) and consumer products and services (RM29mil).
Local institutions, however, remained net buyers of local equities, propping up the market with net purchases of RM305mil.
Local retailers continued to be net sellers with RM256.9mil in net disposals.
The average daily trading volume (ADTV) saw inclines across the board last week. Foreign investors saw a rise of 37.5% while local retailers and local institutions saw increases of 7.8% and 13.2% respectively.
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