KUALA LUMPUR (Feb 24): Local institutions continued to support Bursa Malaysia with net purchases totalling RM194.2 million in domestic equities last week, compared with net purchases of RM77.9 million in the week ended Feb 14.

In its fund flow report for the week ended Feb 21, MIDF Amanah Investment Bank Bhd said local institutions net bought on three out of the five trading days last week, with net inflows totalling RM130.8 million last Monday (Feb 17), RM85.4 million last Wednesday and RM35.3 million last Thursday.

However, local retail investors ended their buying streak of four consecutive weeks on Bursa Malaysia with a net outflow of RM24.8 million in equities, amounting to two weeks of net selling thus far in 2025.

MIDF Amanah said foreign investors continued to sell equities in Bursa Malaysia for the 16th consecutive week, although the pace of outflows slowed to RM169.4 million compared to RM503.3 million in the week ended Feb 14.

Foreign investors were net sellers on every trading day except last Friday, with last Monday experiencing the largest outflow of RM151.9 million.

The outflows amounted to RM18.5 million last Tuesday, RM65.1 million last Wednesday and RM27.1 million last Thursday.

“Last Friday experienced a net inflow of RM93.2 million, ending a 24-day consecutive streak of net foreign outflows,” the report said.

The top three sectors that recorded net foreign inflows were financial services (RM117.2 million), construction (RM111.0 million) and technology (RM77.6 million).

Meanwhile, the top three sectors that recorded the highest net foreign outflows were utilities (RM181.4 million), industrial products and services (RM92.7 million), and energy (RM61.2 million).

The average daily trading volume saw increases across the board last week, with the exception of foreign investors.

“Foreign investors saw a decrease of 8.7% while local institutions and local retailers saw a surge of 7.8% and 1.0%, respectively,” MIDF Amanah added.

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