KUALA LUMPUR: Foreign investors continued to be net buyers of equities on Bursa Malaysia with a total of RM112.3 million for the second consecutive week, said MIDF Research.
In its fund flow report for the week ended Dec 22, the firm said every trading day except Monday witnessed a net foreign inflow.
"Foreigners were net sellers on Monday at RM26.5 million. The stocks experiencing the most outflows on this day were Public Bank Bhd (RM37.2 million), RHB Bank Bhd (RM27.4 million), and Gamuda Bhd (RM14.0 million)," it added.
For the week, MIDF Research said the top three sectors with the highest net foreign inflows were financial services (RM202 million), technology (RM23.3 million) and property (RM18.3 million).
The top three sectors with the highest net foreign outflows were healthcare (RM69.4 million), consumer products and services (RM40.7 million) and utilities (RM28.2 million).
MIDF Research also noted that local institutions switched to being net sellers at RM106.7 million, after two consecutive weeks of net buying.
The sector that recorded the highest net outflows by this investor group was financial services (RM384.3 million).
Local retailers continued to be net sellers of domestic equities for two consecutive weeks, totalling RM5.6 million.
This amount was significantly more moderate compared to the previous week's net selling figure of RM225.5 million.
In terms of participation, there were marginal increases in average daily trading volume among local retailers (0.9 per cent), and local institutions (0.4 per cent), but a decline among foreign investors (29 per cent).