The investment bank said foreign investors were net sellers on every trading day except Monday and Friday, with outflows ranging from RM61.9 million to RM173.3 million.

“The largest outflow was recorded on Wednesday, followed by Tuesday with RM88.3 million and Thursday with RM61.9 million.

“Monday and Friday recorded net inflows of RM1.21 million and RM116.2 million, respectively,” MIDF said in its fund flow report today.

It noted that the top three sectors that recorded the highest net foreign inflows were construction (RM199.5 million), transportation and logistics (RM102.1 million) and industrial products and services (RM94.7 million).

The top three sectors that recorded the highest net foreign outflows were financial services (RM525.4 million), technology (RM86.1 million) and consumer products and services (RM71.8 million).

“Local institutions reversed their buying momentum last week, ending their streak of eight consecutive weeks of net inflows, recording a withdrawal of RM33.3 million,” MIDF said.

Meanwhile, local retailers continued their net buying activities, resulting in a two-week consecutive streak of purchases on Bursa Malaysia.

The investment bank reported a net inflow of RM239.4 million last week, approximately four times higher than the previous week’s inflow of RM52.7 million.

The average daily trading volume (ADTV) experienced a broad-based incline last week, except for local institutions.

MIDF said foreign investors and local retailers recorded increases of 6.9% and 9%, respectively, while local institutions saw a decrease of 2.6%.