KUALA LUMPUR: Foreign investors were net sellers of Bursa Malaysia equities in the previous week, snapping a four-week streak of net inflows.

       Over the course of the five-day trading week, the offshore funds sold net equities of RM93.1mil with selling on every day except Monday.

       According to MIDF Research, the sectors with the leading net foreign outflows were consumer products and services (RM241.2mil), transport and logistics (RM103.7mil) and industrial products and services (RM99mil).

       Local institutions were net sellers for a third straight week, for a total of RM141.6mil.

       MIDF said the technology sector had the highest net outflows from this investor group, amounting to RM122.56mil.

       Meanwhile, local retailers remained net sellers of domestic equities for a sum of RM10mil, which was a significantly lower amount than RM383.3mil in the prior week.

       "In terms of participation, there were increases in average daily trading volume (ADTV) among local retailers (2.6%), local institutions (3.4%), and foreign investors (10.6%)," said MIDF in its weekly fund flow report.

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