In its fund flow report for the week ending Oct 11, MIDF noted significant net selling on Monday and Friday, with outflows of RM147.9 million and RM216.6 million, respectively.

These losses offset the inflows recorded from Tuesday to Thursday, which ranged between RM44.4 million and RM70.2 million each day.

“The sectors with the highest net foreign inflows were consumer products and services (RM98 million), property (RM31.8 million), and plantation (RM23.7 million).

“Conversely, the sectors with the highest net foreign outflows were financial services (-RM184.5 million), transportation and logistics (-RM48 million), and healthcare (-RM44 million),” it said.

MIDF said the local institutional investors supported the local bourse for a fifth consecutive week, with net buying amounting to RM93.4 million.

Local retailers were also net buyers for a third straight week, with total purchases of RM102.5 million.

The average daily trading volume (ADTV) fell across all investor categories last week.

Retail investors saw a decrease of 0.6%, while local institutions and foreign investors posted declines of 5.4% and 6.4%, respectively.

Regionally, MIDF noted it was another week of foreign investors selling off Asian equities, with net inflows totalling US$4.43 billion (RM19.01 billion), a narrower figure than the US$7.31 billion (RM31.38 billion) net outflow recorded the previous week.

“Taiwan and the Philippines were the only two countries to record net foreign inflows into their equity markets,” it added.