The top sectors with the highest net foreign outflows were utilities, financial services, and transport and logistics. (AP pic)
KUALA LUMPUR: Foreign investors continued their selling momentum, recording a net outflow of RM502.2 million last week, marking a 12-week selling streak, said MIDF Amanah Investment Bank Bhd (MIDF).
In its Fund Flow Report for the week ended January 10, MIDF noted that the heaviest outflow occurred on Thursday (RM162.3 million), with other days ranging between RM56.1 million and RM111.5 million.
“The sectors that saw the highest net foreign inflows were construction (RM271.1 million) and real estate investment trusts (REITs) (RM20 million).
“Meanwhile, the top sectors with the highest net foreign outflows were utilities (RM142.7 million), financial services (RM130 million), and transport and logistics (RM92.5 million),” MIDF added.
Local institutions remained net buyers for the 12th week, with RM281.9m in net purchases, extending their buying streak to 36 consecutive trading days.
“However, this figure shows a decrease from the previous week’s RM304 million in net purchases,” it said.
MIDF also observed that local retailers turned net buyers after two weeks of net selling, contributing RM220.3 million in net inflows.
“Trading activity surged across all categories, with average daily trading volume (ADTV) rising by 30.8% for foreign investors, 29.8% for local institutions, and 19.8% for retail investors,” MIDF said.
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