KUALA LUMPUR, June 10 — Foreign investors continued to favour Malaysian equities last week, with a net inflow of RM535.0 million, after briefly net selling the week before, according to the latest weekly Fund Flow Report by MIDF Research.

It was a shortened trading week in conjunction with the Yang di-Pertuan Agong’s Birthday on Monday (June 3).

MIDF Research said foreign investors net bought RM253.7 million on Tuesday, RM163.6 million on Thursday and RM186.8 million on Friday. They net sold -RM69.1 million on Wednesday.

The sectors with the highest net foreign inflows last week were utilities (RM167.5 million), transportation and logistics (RM134.5 million), and technology (RM115.7 million).

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“The sectors with the highest net foreign outflows were plantation (-RM108.2 million), telecommunication and media (-RM32.1 million), and energy (-RM22.4 million),” it said.

In contrast, local institutions returned to net selling at -RM293.5 million after briefly net buying the week before.

Likewise, local retailers, afer briefly net buying the week before, returned to net selling, disposing of -RM242.5 million worth of equities. They net sold for the whole week.

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Regarding participation, the average daily trading volume (ADTV) declined by -6.3 per cent for retailers, -2.7 per cent for local institutions and -21.7 per cent for foreign investors. — Bernama