KUALA LUMPUR (Sept 30): Foreign investors ended their six-week net buying streak with a net outflow of RM527 million last week, according to a MIDF Research note on Monday.

They net sold every day, with the largest outflow recorded on Wednesday at RM165.5 million.

Sectors with the highest net foreign inflows were Utilities (RM40.9 million), Industrial Products & Services (RM24.8 million) and Healthcare (RM8.2 million).

Conversely, the sectors with the highest net foreign outflows were Financial Services (-RM193.7million), Technology (-RM137.3 million) and Consumer Products & Services (-RM50.7 million).

Local institutions continued their support, net buying RM240.3 million for the third consecutive week. They also net bought every day of the week.

Local retailers reversed their two-week net selling trend, net buying RM286.7 million and doing so every day last week.

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

Foreign investors' ADTV dropped by 34.0%, local institutional investors by 21.2%, and local retail investors by 7.6%.