KUALA LUMPUR: The foreign net inflows into Bursa Malaysia continued for a fourth consecutive week at a rate of RM130.5mil, a much smaller sum than RM637.8mil recorded in the week before.
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According to MIDF Research, it was a mixed trading week as there were net foreign inflows recorded on Monday and Friday while the other days of the week registered net outflows.
Stocks that were among the most sold included PETRONAS Chemicals (-RM46.6mil), CIMB (-RM33.5mil) and PPB (-RM28.mil), said MIDF.
Meanwhile, the sectors that saw the most inflows were financial services (RM116.7mil), utilities (RM96.6mil) and plantation (RM81.1mil).
The sectors that led net outflows were consumer products and services (RM93.4mil), industrial products and services (RM65mil) and telecommunications and media (RM33.4).
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Local institutions however remained net sellers of domestic equities for a fourth straight week with a net sale of RM122mil.
Likewise, local retailers also net sold for a fourth week at a lower rate of RM8.5mi.
“In terms of participation, there was a decline in average daily trading volume (ADTV) across the board–retail investors (-16.8%), local institutions (-20.8%) and foreign investors (-6.5%),” said MIDF.
– The Star