Saturday 18 Jan 2025
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KUALA LUMPUR (July 9): Foreign funds injected RM394.5 million into Bursa Malaysia last week after two weeks of net selling, according to MIDF Research.

The house noted in a report that foreign funds consistently bought local equities throughout the week, with major inflows of RM259.4 million on Wednesday and RM86.3 million on Thursday. 

The top sectors for net foreign inflows were transportation and logistics (RM152.9 million), industrial products and services (RM151.5 million), and technology (RM93.6 million). 

Conversely, the highest net foreign outflows were seen in consumer products and services (-RM91.1 million), construction (-RM28.6 million), and plantation (-RM27.2 million). 

Local institutions provided support with net buying of RM32.2 million, while local retailers were the main net sellers, offloading RM426.7 million. 

Local retailers saw an increase in average daily trading volume of 14.1%, followed by institutional investors with a 5.8% increase, while foreign investors' trading volume declined by 6.7%.

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