KUALA LUMPUR (Dec 26): Foreign fund inflow into domestic equities on Bursa Malaysia extended for a second week with a net total of RM112.3 million last week, a slight drop from RM143.4 million the prior week.

In its weekly fund flow on Tuesday (Dec 26), MIDF Research said during the week, every trading day except last Monday (Dec 18) witnessed net foreign inflow.

It said foreigners were net sellers last Monday at RM26.5 million.

“The stocks experiencing the most outflows on this day were Public Bank Bhd (RM37.2 million), RHB Bank Bhd (RM27.4 million), and Gamuda Bhd (RM14.0 million).

“For the week, the top three sectors with the highest net foreign inflows were financial services (RM202.0 million), technology (RM23.3 million), and property (RM18.3 million), while the top three sectors with the highest net foreign outflows were healthcare (RM69.4 million), consumer products and services (RM40.7 million) and utilities (RM28.2 million),” it said.

The research house said that after two consecutive weeks of net buying, local institutions switched to being net sellers at RM106.7 million.

“The sector that recorded the highest net outflows by this investor group was financial services (RM384.3 million).

“Local retailers continued to be net sellers of domestic equities for two consecutive weeks, totalling RM5.6 million,” it said.

MIDF said this amount was significantly more moderate compared to the previous week’s outflow of RM225.5 million.

“In terms of participation, there were marginal increases in average daily trading volume (ADTV) among local retailers (0.9%), and local institutions (0.4%), but a decline among foreign investors (29.0%),” it said.

Commenting on the international markets, MIDF said out of the 20 major indices it monitors, 13 recorded weekly gains.

“The top performers were the FTSE 100 (1.60%), South Korea’s Kospi (1.40%) and the Nasdaq Composite Index (1.21%).

“The top decliners were Hong Kong’s Hang Seng Index (2.69%), the FBM KLCI (0.55%), and India’s Sensex (0.53%),” it said.