KUALA LUMPUR: Foreign funds returned to Bursa Malaysia last week, bringing in RM394.5 million after two weeks of net selling, according to MIDF Research.

The firm noted that foreign investors were net buyers every day last week, with the bulk of the inflows seen on Wednesday and Thursday at RM259.4 million and RM86.3 million respectively. "The sectors that recorded the highest net foreign inflows last week were transportation and logistics (RM152.9 million), industrial products and services (RM151.5 million) and technology (RM93.6 million)," it said in a note.

"Sectors with the highest net foreign outflows were consumer products and services (-RM91.1 million), construction (-RM28.6 million) and plantation (-RM27.2 million)," MIDF said in its weekly fund flow report today.

Meanwhile, MIDF reported that local institutions continued to support the local bourse, with a net buying of RM32.2 million last week. 

On the other hand, local retailers were the main net sellers, disposing of RM426.7 million net. 

They net sold every trading day except Friday when they net bought RM0.4 million.

In terms of participation, MIDF noted increases in average daily trading volume (ADTV) among local retailers and local institutional investors by 14.1 per cent and 5.8 per cent, respectively. 

Conversely, foreign investors recorded a decline in ADTV by 6.7 per cent last week.

https://www.nst.com.my/business/corporate/2024/07/1074011/foreign-funds-net-bought-rm3945m-stocks-last-week-after-two-weeks