This figure represents a slight decrease compared to the RM400.7 million recorded in the previous week.

In its fund flow report for the week ended Feb 16, 2024, MIDF Research said the highest inflow was observed on Tuesday at RM193 million, following the market’s reopening.

The sectors with the highest net foreign inflows were financial services (RM143.6 million), telecommunication and media (RM95 million), and technology (RM61.4 million), while the sectors with the highest net foreign outflows were utilities (-RM29 million), real estate investment trusts or REITs (-RM19.1 million), and construction (-RM16.3 million).

Local institutions continued their trend of net selling domestic equities for the fourth consecutive week, totalling RM277.5 million.

For the second consecutive week, local retailers remained consistent in their pattern of net selling domestic equities, with total sales reaching (-RM75.5 million) last week.

In terms of participation, it said there were increases in average daily trading volume (ADTV) among local retailers (12.1%) and local institutions (15%) with a decline among foreign investors (-11.4%).

Meanwhile, in tracking the money flow into Asia, MIDF Research stated that among the eight Asian equity markets it monitors, foreign investors sustained net buying at US$3.4 billion (RM 16.26 billion), with significant inflows primarily directed to Taiwan and South Korea.