In its fund flow report for the week ending Dec 13, MIDF Amanah Investment Bank Bhd (MIDF) said every trading day experienced a net foreign outflow, the largest outflow occurring on Thursday at RM351.2 million.

The heaviest outflow was recorded on Thursday, followed by Wednesday at RM273.2 million, Tuesday at RM120.4 million, Monday at RM90.9 million, and Friday at RM46.7 million.

The sectors that recorded the highest net foreign inflows were construction (RM55.6 million), property (RM28 million), and healthcare (RM22.1 million).

In addition, the sectors that recorded the highest net foreign outflows were financial services (RM322.5 million), utilities (RM278.4 million), and transport & logistics (RM86.2 million).

Foreign investors resumed net selling Asian equities across the eight markets monitored by MIDF, following the massive inflow for the week ending Dec 6.

Last week, they recorded a total outflow of US$1.79 billion (RM7.98 billion).

All countries, except South Korea, experienced a net outflow.

Meanwhile, local institutions were once again the primary supporters of the local bourse, registering an inflow of RM995.5 million and there were no outflows in the entire week from this investor class, with Wednesday and Thursday seeing the highest inflows at RM264 million and RM352.2 million respectively.

MIDF noted that local retailers remained net sellers last week, with outflows totalling RM113.1 million, 2.65 times less than the previous week’s outflows.

“Outflow was seen daily from this investor group, except for Wednesday, which recorded an inflow of RM9.2 million, while the heaviest outflow was registered on Friday, amounting to RM83 million,” MIDF said.

The average daily trading volume (ADTV) showed a reduction across all investor categories last week.

Foreign and local institutional investors recorded a decrease of 20.5% and 8.3% respectively, while local retail investors saw a decline of 14.4%.