In its weekly fund flow report, MIDF reported net outflows of RM164.3 million on Monday, RM76.3 million on Tuesday, and RM265.7 million on Thursday.

“However, they net bought RM18 million last Wednesday and RM130.7 million last Friday,” it said.

The sectors that recorded the highest net foreign inflows last week were industrial products and services (RM104.4 million), technology (RM67.6 million), and property (RM34.7 million).

Meanwhile, the sectors with the highest net foreign outflows were financial services (RM206.9 million), consumer products and services (RM131.4 million), and construction (RM110.1 million).

Conversely, local institutions have continued supporting Bursa, marking the second consecutive week of net buying, with a total of RM354.9 million.

The research firm noted that local retailers also maintained their net buying trend for the second consecutive week, amounting to RM2.7 million.

“In terms of participation, there were declines in average daily trading volume among all investor classes last week.

“Foreign investors recorded the largest decline of 34.4%, while local retailers and local institutions recorded declines of 19.5% and 15.1%, respectively,” it added.