Kuala lumpur: The plantation, technology, and telecommunication sectors emerged as the top gainers in net inflows last week, with each sector attracting RM151.2 million, RM89.7 million, and RM5.7 million, respectively.
According to BERNAMA News Agency, the financial services, healthcare, and utilities sectors faced the largest net foreign outflows, reporting figures of -RM513.7 million, -RM192.8 million, and -RM162.6 million, respectively. MBSB Investment Bank Bhd (MBSB) released a fund flow report for the week ending October 31, highlighting that local institutions maintained their net purchasing trend for the fourth consecutive week with inflows of RM812.7 million.
Furthermore, local retailers concluded their seventh consecutive week of net selling but managed a net inflow of RM72.0 million. The average daily trading volume (ADTV) saw an overall increase last week, with local retailers and institutions registering gains of 1.0 percent and 15.4 percent, respectively, while foreign investors experienced a rise of 6.1 percent.
MBSB reported a continuation of net selling by foreign investors for the fourth consecutive week, with a steep net outflow of RM884.6 million, significantly higher than the previous week’s RM14.6 million. Foreign investors were net sellers throughout all five trading days last week, with Monday witnessing the highest net selling at RM244.0 million.
On a regional scale, foreign investors broke their two-week net selling streak, achieving US$915.2 million in net foreign inflows. Among the markets tracked by MBSB, India, South Korea, and Indonesia were the only ones to post net foreign inflows, while other regions recorded net outflows, led by Taiwan with the largest outflow.
India marked its fourth consecutive week of net foreign purchases, leading the region with US$826.2 million in inflows. Indonesia also saw its fourth consecutive week of net buying, with foreign purchases amounting to US$333.5 million, following the introduction of new rules permitting the central government to lend to local authorities and state-owned enterprises for financing development projects.