KUALA LUMPUR: Local institutions continued to support Bursa Malaysia, with net purchases of RM194.2 million in domestic equities for the week ended Feb 7, according to MIDF Amanah Investment Bank Bhd (MIDF).
This marked an increase from the previous week’s RM149.4 million.
MIDF’s Fund Flow Report showed local institutions net bought on three out of five trading days, with net inflows totaling RM130.8 million on Monday, RM85.4 million on Wednesday, and RM35.3 million on Thursday.
In contrast, foreign investors extended their selling streak for 16 consecutive weeks, although outflows slowed to RM169.4 million from RM503.3 million the prior week.
Foreign investors were net sellers on every day except Friday, which saw a net inflow of RM93.2 million, ending a 24-day outflow streak.
Monday recorded the largest outflow of RM151.9 million, with smaller outflows on Tuesday, Wednesday, and Thursday.
The top sectors attracting foreign inflows were financial services (RM117.2 million), construction (RM111.0 million), and technology (RM77.6 million).
Meanwhile, local retail investors ended their four-week buying streak with a net outflow of RM24.8 million.
Trading volumes rose for local institutions and retailers, while foreign investors saw an 8.7% decline in average daily trading volume. – BERNAMA
