KUALA LUMPUR: Foreign investors maintained their position as net buyers on Bursa Malaysia for the fourth consecutive week, according to MIDF Research.
At a total of RM382.8 million last week, this showed a significant improvement over RM172.4 million net buy in the previous week.
"They net bought every day of the week, with the highest inflow on Tuesday at RM232.6 million.
"They also net bought RM6.5 million on Monday, RM36.6 million on Wednesday, RM74.0 million on Thursday and RM33.1 million on Friday," MIDF Research said.
The top three sectors with the highest net foreign inflows were utilities (RM86.4 million), healthcare (RM85.2 million) and technology (RM82.0 million).
The top three sectors with the highest net foreign outflows were consumer products and services (RM38.9 million), energy (RM21.2 million) and telecommunication and media (RM20.1 million).
Local institutions continued to net sell for the fourth consecutive week, disposing RM355.0 million of equities.
They net bought RM11.0 million on Monday but net sold from Tuesday to Friday.
Local retailers continued their net selling streak for the seventh consecutive week, with net sales amounting to RM27.8 million.
In terms of participation, there were increases in average daily trading volume among local retailers by 4.9 per cent and local institutions by 9.8 per cent but a decline among the foreign investors by 5.4 per cent.