KUALA LUMPUR, March 9 (Bernama) -- Foreign investors turned net buyers of Bursa Malaysia equities last week, snapping a two-week streak of net selling to post RM411.4 million in net inflows.
MBSB Investment Bank Bhd said in its fund flow report for the week ended March 6 that foreign investors were net buyers on four of the five trading days.
The largest inflow was recorded on Monday at RM271.1 million, followed by Friday (RM192.3 million), Thursday (RM158.6 million) and Tuesday (RM13.1 million).
The only outflow was recorded on Wednesday at RM223.7 million, the investment bank said.
“The top three sectors that recorded net foreign inflows were transportation and logistics at RM207.3 million, healthcare (RM183 million), and industrial products and services (RM180 million).
“Meanwhile, the top three sectors that recorded net foreign outflows were telecommunication and media (RM88.5 million), plantation (RM87.8 million), and property (RM62 million),” it said.
In contrast, local institutions recorded net outflows of RM408.3 million, extending their streak of net selling to a fifth consecutive week.
Local retailers also turned net sellers during the week, snapping a two-week net buying streak with net outflows of RM3.1 million.
“The average daily trading volume saw a broad-based increase, with local retailers rising 18.9 per cent, local institutions up 18.3 per cent, while foreign investors declined 14.6 per cent,” it added.
-- BERNAMA
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