In its weekly Fund Flow report, the research house said this was an increase of 54.9% compared to the previous week.

It noted that foreign investors have been net buyers for 15 consecutive trading days.

“They net bought RM326.6 million on Monday, RM64 million on Tuesday, RM235.9 million on Wednesday, RM21.3 million on Thursday and RM93.1 million on Friday,” it said.

MIDF reported that the top three sectors where foreign investors net bought were financial services (RM593.1 million), utilities (RM137.5 million), and property (RM128.7 million).

Local institutions continued to be net sellers for the second consecutive week, disposing of RM546.7 million.

“They net sold every day last week and have been net sellers for seven consecutive trading days,” MIDF said.

It added that local retailers also maintained their net selling stance for the third straight week, with net sales of RM194.2 million last week.

“Last week, the average daily trading volume (ADTV) declined among foreign investors and local institutions by 9% and 3%, respectively.

“Meanwhile, local retailers recorded an increase of 2.1%,” MIDF said.