KUALA LUMPUR: Foreign investors maintained their status as net buyers on Bursa Malaysia for the second consecutive week with a total of RM676.7 million, nearly four times the amount bought in the previous week.
MIDF Research said every day of the week was net buying by foreign investors, with Monday registering the highest inflow at RM359.2 million.
The top three sectors with net foreign inflows for the week were financial services at RM194.4 million, utilities at RM123.1 million and healthcare which saw an inflow of RM111.3 million.
"The only three sectors that recorded net foreign outflows were energy (RM23.8 millon), consumer products and services (RM23.1 million) and real estate investment trusts (RM1.5 million)," it noted.
Local institutions recorded net sales of RM551.2 million 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 RM226.9 million. Local retailers extended their net selling streak for the fifth consecutive week, with net sales amounting to RM125.5 million," it said.
In terms of participation, there were increases in average daily trading volume among foreign investors by 8.5 per cent, local retailers by 10.1 per cent and local institutions by 11.2 per cent.