KUALA LUMPUR (Oct 28): Local institutional investors net bought RM244.6 million equities on Bursa Malaysia last week, after briefly net selling the week before.

In its fund flow report for the week ended Oct 25, MIDF Amanah Investment Bank Bhd said, however, that local retail investors continued to net sell equities, totalling RM48.4 million last week.

“Local retail investors and institutional investors saw increases in the average daily trading volume (ADTV) by 2.2% and 1.8% respectively,” it said.

Meanwhile, foreign investors returned to their selling stance, after disposing of RM196.2 million of equities on Bursa net.

“They only net bought at RM39.1 million last Monday and at RM107.6 million on Tuesday, but net sold from Wednesday to Friday.

“The largest net outflow occurred last Thursday, amounting to RM230.3 million,” it said.

MIDF said the sectors that recorded the highest net foreign inflows were construction (RM86.5 million), financial services (RM85.7 million), and healthcare (RM53.0 million).

Sectors with the highest net foreign outflows were utilities (RM266.9 million), technology (RM50.9 million), and telecommunications and media (RM45.7 million).

“The ADTV showed a decline among foreign investors by 19.6%,” it said.

Regionally, MIDF reported an exodus of foreign funds from Asia, which extended into its fourth week, totalling US$1.24 billion (RM5.41 billion).

“Out of the eight countries that we track, only Taiwan recorded net foreign inflows, while the rest saw net foreign outflows,” it said, adding that foreign investors net bought US$869.0 million of equities in Taiwan last week.

Uploaded by Tham Yek Lee