In its latest weekly fund flow report, the research house said this is about 11% wider than the net selling amount of RM336 million in the prior week.

It said the sectors with the highest net foreign inflows last week include property (RM75.3 million), transportation and logistics (RM26.8 million) and construction (RM16.5 million).

“Sectors they were net selling were financial services (-RM285.9 million), utilities (-RM85.4 million), and consumer products and services (-RM52.7 million),” it added.

Meanwhile, it said local institutions remained as net buyers of Bursa for the seventh consecutive week, snapping up RM430.7 million worth of domestic equities.

“Conversely, local retailers remained as net sellers for the fifth consecutive week, with net sales amounting to RM57.1 million.

“They ended their 22-day streak of net selling by making purchases of RM9.5 million on Tuesday but engaged in net selling on Monday and Friday last week,” said MIDF Research.

In terms of participation, the average daily trading volume (ADTV) decreased among local retailers (-3.1%) and local institutions (-15.2%), but increased among foreign investors (3.1%).