Net selling by foreign investors have extended to its 11th consecutive week, the longest streak last year. They net sold –RM427.1m last week, net selling through half the week excluding Monday and Tuesday in the shortened trading week due to the New Year's holiday on Wednesday.

The most prominent net outflow was recorded on Friday at –RM423.8m. This was followed by Thursday(-RM55.8m); inflows were recorded on both Monday and Tuesday at RM0.57m and RM11.2m respectively.

The sectors that recorded the highest net foreign inflows were Property (RM115.7m), Utilities (RM36.8m), and Consumer Products & Services (RM29.0m). Meanwhile, the top three sectors that recorded the highest net foreign outflows were Construction (-RM89.3m), Financial Services (-RM45.8m), and Plantation (-RM45.5m).

In contrast, local institutions continued to support the local bourse for the eleventh consecutive week, with net purchases totalling RM304.0m in domestic equities. They net bought every day last week and have been net buying for 31 straight trading days.

Meanwhile, local retailers remained net sellers of domestic equities, recording –RM256.9m in net disposals, extending its streak of net selling to two-weeks.

The average daily trading volume (ADTV) saw inclines across the board last week. Foreign investors saw a rise of +37.5% while local retailers and local institutions saw increases of +7.8% and +13.2% respectively.

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