Kuala Lumpur:Foreign institutions extended their net buying streak to two consecutive weeks on Bursa Malaysia, recording net inflows of US$381.3 million (US$1=RM4.05), as reported by MBSB Investment Bank Bhd (MBSB IB).

According to BERNAMA News Agency, MBSB IB's weekly fund flow report for the week ended November 6 detailed that foreign institutions were net buyers on all five trading days. The highest inflow was observed on Tuesday with RM152.4 million, followed by Monday (RM102.5 million), Thursday (RM55.0 million), Friday (RM40.6 million), and Wednesday (RM30.8 million).

The report further highlighted that the top three sectors with net inflows from foreign institutions were financial services (RM249.5 million), transportation and logistics (RM199.8 million), and construction (RM191.4 million). Conversely, the sectors recording net foreign outflows were technology (RM221.5 million), plantation (RM126.7 million), and industrial products and services (RM59.8 million).

On the domestic front, local institutions extended their net selling streak to two weeks, with net outflows amounting to RM621.0 million. Retail investors, however, continued their net buying streak for the 11th consecutive week, with net inflows totaling RM239.7 million.

MBSB IB also noted an increase in average daily trading volume across all investor categories retail investors up by 5.6%, local institutions by 17.6%, and foreign institutions by 16.8%. Regionally, foreign investors extended their net selling streak across eight Asian markets to six weeks, with total net outflows of US$19.54 billion. Net selling was led by Taiwan, South Korea, Thailand, Vietnam, and Indonesia, while India, Malaysia, and the Philippines recorded net inflows.