Kuala lumpur: Malaysian retailers maintained their net buying activities on Bursa Malaysia for the fourth consecutive week last week, achieving a net equity inflow of RM114.4 million.

According to BERNAMA News Agency, MBSB Investment Bank Bhd (MBSB IB) reported in its weekly Fund Flow Report that local institutions also ended their two-week net selling streak and turned net buyers, with a net purchase of RM263.7 million. In contrast, foreign investors continued their net selling for the fourth week in a row, resulting in a net equity outflow of RM378.1 million, a significant increase compared to the previous week’s outflow of RM89.9 million.

Foreign investors were net sellers every trading day, with outflows ranging from RM13.2 million to RM142.2 million. The largest outflow occurred on Tuesday, followed by Monday with RM103.3 million, Thursday with RM85.0 million, and Wednesday with RM34.4 million. Friday saw the smallest outflow.

According to MBSB IB, the top three sectors with the highest net foreign inflows were construction (RM107.4 million), transportation and logistics (RM93.9 million), and REITs (RM12.1 million). Conversely, the sectors with the highest net foreign outflows were financial services (-RM245.8 million), healthcare (-RM154.1 million), and utilities (-RM114.2 million).

The investment bank also noted that the average daily trading volume saw a broad-based increase last week. Foreign investors and local retailers experienced a rise of 14.9 percent and 2.8 percent, respectively, while local institutions saw a decline of 5.0 percent.