[
KUALA LUMPUR: The outflow of foreign funds from Bursa Malaysia picked up again in the past week to RM435.1mil net, which represented a 38.6% increase over the prior week.
According to MIDF Research, the stock exchange started the week with an inflow of offshore funds on Monday, amounting to RM13.7mil net.
Thereafter, there was net selling, with investors taking profit out of global equities ahead of the release of the US Personal Consumption Expenditure price index, which is the US Federal Reserve’s preferred gauge of inflation.
The domestic sectors that recorded the highest net foreign outflows were financial services (RM210.8mil), consumper products and services (RM123.3mil) and plantations (RM94.7mil).
Meanwhile, local institutions remained net buyers for a fifth consecutive week with a net purchase of RM587.7mil.
Local retailers continued to be net sellers to the tune of RM152.7mil.
MIDF reported the average daily trading volume (ADTV) decreased for retail and institutional investors by 0.9% and 0.7% respectively, while foreign investors recorded a slight increase of 0.5%.
