KUALA LUMPUR: Foreign investors continued to purchase Malaysian stocks for the fourth week running, with RM352.9 million being invested last week, a small decrease from RM400.7 million the week before.
Foreign buyers were net buyers every day of the week, according to MIDF Research.
Tuesday saw the largest inflow, at RM193 million, after the market reopened, it said.
According to the research house, financial services (RM143.6 million), media and telecommunication (RM95.0 million), and technology (RM61.4 million) had the largest net foreign inflows.
"The sectors with the highest net foreign outflows were utilities (RM29.0 million), REITs (RM19.1 million), and construction (RM16.3 million)," it said in a note.
As for the local institutions, MIDF said it continued its trend of net selling domestic equities for the fourth consecutive week, totalling RM277.5 million.
For the second consecutive week, it said the local retailer remained consistent in their pattern of net selling domestic equities, with total sales reaching RM75.5 million last week.
"In terms of participation, there were increases in average daily trading volume (ADTV) among local retailers (12.1 per cent) and local institutions (15.0 per cent), but a decline among foreign investors (11.4 per cent)," it added.