It was a shortened trading week as the market was closed for the Awal Muharram public holiday on Wednesday.

“Foreign investors net bought RM56.3 million on Monday, RM71 million on Thursday and RM61.7 million on Friday but net sold RM10.1 million on Tuesday,” it said in its fund flow report for the trading week ending July 21.

MIDF said the top three sectors which saw net buying by foreign investors last week were utilities (RM107 million), technology (RM73.5 million) and construction (RM68.4 million).

Meanwhile, three sectors experienced net selling, namely consumer products and services (RM103.1 million), financial services (RM35.8 million) and REITs (RM11.2 million).

Foreign investors have net sold RM3.7 billion year-to-date (YTD).

At the same time, local institutions maintained their net selling stance for the second consecutive week, with a net selling of RM91.3 million.

They net bought RM9.8 million on Monday and RM2.8 million on Tuesday, before turning into net sellers at RM49 million on Thursday and RM54.9 million on Friday.

Similarly, local retailers were also net sellers for the second consecutive week at RM87.7 million.

“They only net bought RM7.2 million on Tuesday and net sold RM66.1 million on Monday, RM22 million on Thursday and RM6.8 million on Friday.

Nonetheless, both local institutions and local retailers have been net buyers YTD at RM3.53 billion and RM165.8 million respectively, it said.

In terms of participation, the average daily trading volume among foreign investors decreased by 2.9%, while retail investors and local institutions saw increases of 6.8% and 17.4%, respectively.