In its weekly fund flow report, MIDF said the majority of this influx amounted to RM389.2 million which occurred last Thursday when Bank Negara Malaysia (BNM) decided to maintain the overnight policy rate (OPR) at 3% after concluding its two-day Monetary Policy Committee (MPC) meeting.

“The top three sectors that foreign investors net bought were construction with RM198.2 million, utilities at RM116.1 million, and industrial products and services at RM111.8 million,” it said.

Meanwhile, sectors in net sold position were consumer products and services (-RM92.7 million), energy (-RM33.4 million), and healthcare (-RM21.9 million).

MIDF said local institutions shifted to net selling of domestic equities, amounting to RM318.5 million, following three consecutive weeks of net buying.

“Local retailers remained net sellers for the second consecutive week, with sales totalling RM159.8 million.

“Last week, local retailers saw a 1.3% decline in the average daily trading volume (ADTV), local institutions experienced a 10.9% rise, while foreign investors saw a 24.7% increase in ADTV,” it added.