Qualampur: Foreign investors maintained their net procurement position over Barsa Malaysia for the second consecutive week with a total flow of RM492.1 million.
MBSB Investment Bank BHD said that this positive trend took place despite a small business week due to Malaysia’s day holiday.
Foreign investors were pure buyers at two of two out of three business days, on Wednesday recorded the most net purchase in RM348.69 million.
On Friday, RM205.30 million saw a net flow, while on Tuesday, the only outflow of RM61.9 million was experienced.
Transport and Logistics sector attracted the highest foreign flow at RM131.8 million last week.
Industrial products and services followed with RM126.9 million in net foreign flows, while the technology sector received RM117.1 million.
Financial services recorded the largest pure foreign outflow at RM154.7 million, with healthcare with RM38.1 million in the outflow.
The local institute remained a pure vendor with a total outflow of RM337.6 million, while local retailers recorded a outflow of RM159.5 million.
The average daily trading volume has increased significantly in all investor groups last week.
Foreign investors recorded the fastest growth at 88.3%, while retail investors and local institutions recorded an extension of 21.2% and 19.0% respectively. – Bernma
