“They net sold equities on Bursa every day last week, with the largest net outflows on Monday and Thursday at RM336.1 million and RM226.7 million, respectively,” MIDF said in its weekly fund flow report.

There were only three sectors that were net bought by foreign investors last week, namely telecommunication and media (RM10 million), healthcare (RM8.6 million) and plantation (RM7.1 million).

“The top three sectors that were net sold by foreign investors were consumer products and services (-RM151.8 million), property (-RM149.5 million) and technology (-RM120.2 million),” it said.

Last week, MIDF said local institutions went on a shopping spree, buying RM1.19 billion worth of equities in Bursa.

It said local institutions net bought every day during the trading week ending August 9, with the largest net buying amount seen on Monday at RM545.8 million.

“This was the largest net buy amount in a single day since 2018, when they net bought RM846.3 million on Feb 6,” MIDF said.

Meanwhile, the local retailers net sold RM424.6 million last week. “Monday saw the heaviest net selling to the tune of RM209.7 million,” it said.

The average daily trading volume (ADTV) showed an increase across all investor classes.

It said the foreign investors’ ADTV saw the highest surge of 47.4%, followed by local retailers at 47.3% and local institutional investors at 37.7%.