KUALA LUMPUR (Aug 12): The recent turbulence on Wall Street had significant ripple effects on Malaysia, with foreign investors offloading RM768.4 million in net equities on Bursa Malaysia last week, according to MIDF Research.

The house in a note said the largest net outflows occurred last Monday, with RM336.1 million sold, followed by last Thursday with RM226.7 million.

Only three sectors experienced net buying by foreign investors, namely telecommunications and media (RM10 million), healthcare (RM8.6 million), and plantation (RM7.1 million), MIDF added.

Conversely, the sectors most net sold by foreign investors were consumer products and services (-RM151.8 million), property (-RM149.5 million), and technology (-RM120.2 million). Local institutions took advantage of the situation, net buying RM1.19 billion throughout the week. 

Last Monday marked the largest net buying in a single day since 2018, amounting to RM545.8 million.

Local retailers, however, net sold RM424.6 million last week, with last Monday's net selling reaching RM209.7 million. 

The average daily trading volume (ADTV) increased across all investor classes. 

Foreign investors saw the highest ADTV surge of 47.4%, followed closely by local retailers at 47.3%, and local institutional investors at 37.7%.