Kuala lumpur: Local retailers have marked a significant milestone by extending their net buying streak for the third consecutive week, achieving a net inflow of RM105.4 million for the week ending July 25.

According to BERNAMA News Agency, this period also saw foreign investors continuing their net selling trend for the third straight week, albeit with a reduced net outflow of RM89.9 million compared to RM206.1 million in the previous week. Foreign funds were net sellers on all trading days except Wednesday and Thursday, with daily outflows ranging between RM21.0 million and RM136.5 million.

The largest outflow from foreign investors was recorded on Friday, followed by Monday and Tuesday with RM52.3 million and RM21.0 million, respectively. Interestingly, Wednesday and Thursday saw net inflows of RM97.3 million and RM22.6 million, respectively, offering a slight reprieve in the ongoing trend.

The top three sectors that attracted the highest net foreign inflows were transportation and logistics with RM158.7 million, utilities with RM69.5 million, and construction with RM51.4 million. Conversely, the financial services sector experienced the largest net foreign outflow of RM174.1 million, followed by technology at RM80.8 million and telecommunications and media at RM70.8 million.

MBSB IB also noted that local institutions extended their net selling streak to two weeks, with a net outflow of RM15.5 million, a slight decrease from RM33.3 million in the previous week. Furthermore, the average daily trading volume (ADTV) saw a decline across all groups, with reductions of 5.5 per cent for foreign investors, 2.1 per cent for local retailers, and 0.8 per cent for local institutions.