KUALA LUMPUR (Nov 10): Foreign institutions extended their net buying streak to two consecutive weeks on Bursa Malaysia, recording net inflows of US$381.3 million (RM1.55 billion), according to MBSB Investment Bank Bhd (MBSB IB).

In its weekly fund flow report for the week ended Nov 6, MBSB IB said foreign institutions were net buyers on all five trading days, with the highest inflow recorded last Tuesday at RM152.4 million, followed by last Monday (RM102.5 million), Thursday (RM55.0 million), Friday (RM40.6 million) and Wednesday (RM30.8 million).

“The top three sectors with net inflows from foreign institutions were financial services (RM249.5 million), transportation and logistics (RM199.8 million), and construction (RM191.4 million),” it said.

Meanwhile, the investment bank said the top three sectors recording net foreign outflows were technology (RM221.5 million), plantation (RM126.7 million) and industrial products and services (RM59.8 million).

On the domestic front, local institutions extended their net selling streak to two consecutive weeks, recording net outflows of RM621.0 million, while retail investors continued their net buying streak for the 11th consecutive week, with net inflows amounting to RM239.7 million, it said.

MBSB IB also said average daily trading volume increased across all investor categories, with retail investors up 5.6%, local institutions up 17.6%, and foreign institutions up 16.8%.

At the regional level, foreign investors extended their net selling streak across eight Asian markets to six consecutive weeks, with total net outflows amounting to US$19.54 billion, it said.

The net selling was led by Taiwan, South Korea, Thailand, Vietnam and Indonesia, while India, Malaysia and the Philippines recorded net inflows, it added.

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