In its fund flow report for the week ended Jan 24, MIDF said foreign investors were net sellers every trading day, with the largest outflow of RM300.5 million on Friday.

Daily outflows ranged from RM23.2 million to RM169 million.

“The top three sectors with net foreign inflows were financial services (RM33.8 million), telecommunication and media (RM8.9 million), and real estate investment trusts (RM4.6 million).

“Conversely, the top three sectors with the highest net foreign outflows were utilities (RM222.4 million), construction (RM162 million) and property (RM112.9 million),” it added.

MIDF said that local institutions extended their support for Bursa for the 14th consecutive week, recording net purchases of RM551.6 million,

This was lower than the previous week’s net purchases of RM797.8 million.

Local institutions maintained net buying for 46 consecutive trading days.

Local retail investors also sustained their buying streak on Bursa for the third straight week, though with a smaller net purchase of RM149.9 million in equities.

“The average daily trading volume (ADTV) declined across the board last week.

“Foreign investors saw a drop of 13.6%, while local institutions and retail investors recorded declines of 8.7% and 5.5%, respectively,” it said.