KUALA LUMPUR (Dec 2): Local institutions were net buyers of Malaysian equities for the fourth consecutive week, with net buying of RM207.7 million last week.

However, this was lower than the RM250.6 million recorded in the week prior.

In its fund flow report for the week ended Nov 29, MIDF Amanah Investment Bank Bhd noted that local institutions net sold RM1.4 million last Tuesday, but were net buyers for the rest of the week.

Local retail investors were net buyers last week at RM52.1 million, and only net sold RM26.8 million last Wednesday, but were net buyers for the remainder of the week.

However, foreign investors continued to sell equities on Bursa Malaysia for the fourth consecutive week, with an outflow of RM259.8 million. MIDF said foreign investors net sold every day last week, and had been net selling for seven straight trading days.

The heaviest net outflow was RM104.4 million last Monday, followed by RM67.6 million last Thursday, while net outflows were observed at RM17.2 million last Tuesday, RM46.6 million last Wednesday, and RM24.1 million last Friday.

The top three sectors that recorded net foreign inflows were plantation (RM72.9 million), healthcare (RM64.0 million), and property (RM29.0 million), while the top three sectors that registered net foreign outflows were transportation and logistics (RM120.2 million), utilities (RM98.5 million), and consumer products and services (RM79.2 million).

MIDF said the average daily trading volume showed declines across all investor classes. Foreign investors registered a decline of 8.8%, followed by local institutional investors (-3.1%) and local retail investors (-3.3%). 

Uploaded by Tham Yek Lee