Bursa Malaysia continued to see equity selling by foreign investors last week, which pushed net foreign outflows to RM189.4 million.
This brings Malaysia's total net foreign outflow for the year to RM3.66 billion so far, according to MIDF Research's weekly fund flow report.
MIDF said net selling by investors has occurred almost every day in the past week, except for Monday following net buying at Maybank, RHB and YTL counters.
He added that the three sectors that saw the highest net foreign output flow were financial services (RM141.4 million), plantations (RM60.1 million) and industrial products and services (RM50.4 million).
While the sectors that saw net inflows were transport and logistics (RM103.9 million), construction (28.4 million) and consumer products and services (RM14.3 million).
It is understood that local institutional investors continued to be net buyers for the third week with a net purchase of RM81.2 million last week.
In addition, local retailers remained net buyers for the fourth consecutive week with net purchases of RM108.3 million.
Meanwhile, provisional aggregate data for 8 Asian exchanges showed net foreign investors bought equities totaling $3.04 billion last week, making it the seventh consecutive week of net inflows of dollars into the region.
