KUALA LUMPUR: Foreign investors net bought Malaysian equities for a third consecutive week, buying RM165.3 million worth of equities last week, a shortened trading week due to the Christmas holiday on Monday.
According to MIDF Research, in its fund flow report for the week ended Dec 29, the top three sectors with the highest net foreign inflows were technology (RM213.1 million), energy (RM45.0 million) and industrial products & services (RM37.0 million) while the top three sectors with the highest net foreign outflows were financial services (-RM93.5 million), healthcare (-RM59.8 million) and construction (-RM27.8 million).
Local institutions continued their selling spree for the second straight week, net selling RM189.6 million, or 77.7 per cent more than the week prior.
After two weeks of net selling, local retailers net bought RM4.3 million on Bursa Malaysia last week.
They net bought RM29.3 million on Tuesday and RM14.8 million on Thursday, but net sold RM18.4 million on Wednesday and RM1.4 million on Friday.
In terms of participation, there was an increase in average daily trading volume across local institutions (+11.6 per cent) while local retailers (-4.3 per cent) and foreign investors (-22.0 per cent) saw declines.