Kuala lumpur: Local retailers continued their net buying activities, resulting in a two-week consecutive streak of purchases on Bursa Malaysia, MIDF Amanah Investment Bank Bhd said today. The investment bank reported a significant net inflow of RM239.4 million last week, which is approximately four times higher than the previous week’s inflow of RM52.7 million.

According to BERNAMA News Agency, foreign investors extended their net selling streak to two consecutive weeks, with a registered net outflow of RM206.1 million. These investors were net sellers on every trading day except Monday and Friday, with the largest outflow occurring on Wednesday, followed by Tuesday with RM88.3 million and Thursday with RM61.9 million. However, Monday and Friday saw net inflows of RM1.21 million and RM116.2 million, respectively.

The report highlighted that the top three sectors receiving the highest net foreign inflows were construction (RM199.5 million), transportation and logistics (RM102.1 million), and industrial products and services (RM94.7 million). On the other hand, the sectors experiencing 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 an eight-week streak of net inflows with a withdrawal of RM33.3 million, according to MIDF Amanah. While the average daily trading volume (ADTV) saw a broad-based increase, foreign investors and local retailers recorded rises of 6.9 percent and 9.0 percent, respectively. In contrast, local institutions experienced a decrease of 2.6 percent in ADTV.