In its fund flow report for the week ending Nov 15, MIDF Amanah Investment Bank Bhd (MIDF) said foreign investors net sold every day last week and have been net selling for seven straight trading days.

“The heaviest net outflow was RM104.4 million on Monday, followed by RM67.6 million on Thursday,” MIDF said, adding that daily outflows were also recorded on Tuesday (RM17.2 million), Wednesday (RM46.6 million), and Friday (RM24.1 million).

The plantation, healthcare and property sectors recorded the highest net foreign inflows at RM72.9 million, RM64 million, and RM29 million, respectively.

Conversely, the largest net foreign outflows were seen in the transportation and logistics (RM120.2 million), utilities (RM98.5 million) and consumer products and services (RM79.2 million) sectors.

As opposed to foreign investors, local institutions were net buyers of Bursa for the fourth consecutive week, with net purchases totalling RM207.7 million last week.

They briefly net sold RM1.4 million on Tuesday but were net buyers on the other trading days.

The most sought-after stocks included MISC, Telekom Malaysia, IJM Corp, United Plantations, and Public Bank.

It said retail investors were also net buyers, recording net purchases of RM52.1 million last week, with interest focused on Maybank, Genting Malaysia, Genting, and Petronas Chemicals, among others.

Across Asia, foreign investors continued their net selling for the seventh consecutive week, with total outflows reaching a six-week high of US$5.85 billion (RM26.13 billion).

Taiwan and South Korea led the outflows as investors grappled with the potential impact of US President-elect Donald Trump’s proposed tariffs and policies.