In its weekly fund flow report, the research firm said foreign investment in Malaysian equity declined, with inflows narrowing to RM202.4 million, down 62% from RM535 million the previous week.

It said foreign investors recorded net buying of RM10.7 million on Monday, RM135.1 million on Tuesday, and RM197.4 million on Thursday.

They net sold RM82.7 million on Wednesday and RM58.1 million on Friday.

MIDF said sectors with the highest net foreign inflows last week were utilities at RM240.8 million, industrial products and services (RM142.8 million), and technology (RM100.8 million).

“The sectors with the highest net foreign outflows were financial services (-RM330.9 million), plantation (-RM126.2 million), and telecommunications and media (-RM77.2 million),” it added.

Meanwhile, local institutions continued the trend of net selling for two consecutive weeks, albeit at a reduced amount of RM25.9 million, representing a 91% decrease compared to the previous week.

“Although there were three days with net buying, the two net selling days on Tuesday and Thursday, totalling RM129.1 million, were enough to offset the net bought amount.

“Local retailers consistently sold off domestic equities for two consecutive weeks, totalling RM176.5 million, with selling occurring every day except Wednesday at RM29.1 million and Friday at RM37.5 million,” it said.

In terms of participation, the firm noted that retail investors experienced an increase in average daily trading volume by 26.9%, local institutions by 14.1%, and foreign investors saw a decline of 4.8%.