Top three sectors with highest net foreign inflows are utilities, transportation and logistics, and consumer products and services.
PETALING JAYA: Foreign investors remained as net buyers for the second consecutive week on Bursa Malaysia with a net purchase of RM550.9 million last week.
It noted that foreign investors were net buyers every day in the last week, registering net purchases of over RM100 million daily except on Thursday when the amount moderated to RM48.7 million after the US Federal Reserve paused interest rate hikes for the second time this year. Meanwhile, MIDF Research said the only three sectors with net foreign outflows were industrial products and services , healthcare and telecommunication and media .
Meanwhile, local institutions maintained their net selling stance last week at RM472.5 million, the highest figure recorded since the week ended Aug 19, 2022 when they net sold RM675.9 million.
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