KUALA LUMPUR (Aug 3): Foreign investors returned to net buying after the previous week of net selling, recording RM11.1 million in net inflows, MBSB Investment Bank Bhd (MBSB IB) said.

In its weekly fund flow report, the investment bank said foreign institutions were net buyers on three out of five trading days during the week, with the largest inflow recorded last Friday (July 31) at RM131.5 million, followed by last Thursday (RM76.2 million) and Monday (RM200,000).

It said the top three sectors that recorded net inflows from foreign institutions were financial services (RM216.5 million), followed by healthcare (RM148 million) and transportation and logistics (RM107.4 million).

“However, foreign outflows were recorded last Tuesday at RM167.8 million and Wednesday (RM29 million), with Tuesday registering the largest daily net outflow.

“The top three sectors that recorded net foreign outflows were industrial products and services (RM191.7 million), technology (RM164 million), and plantation (RM32.8 million),” it said.

Meanwhile, MBSB IB said local institutions returned to net buying after a three-week streak of net selling, recording RM48.1 million in net inflows.

“Retailers reverted to net selling after the previous week's net buying, recording net outflows of RM59.1 million,” it said.

The investment bank also said average daily trading volume increased across the board, with the average daily trading volumes of foreign and local institutions rising 29.9% and 3.6%, respectively, while that of retailers declined 5.6%.

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