KUALA LUMPUR, Aug 19 – Foreign investors returned to Bursa Malaysia following the previous week’s heavy selloff, recording a net buying of RM299.6 million in Malaysian equities, according to MIDF Amanah Investment Bank Bhd (MIDF).
In its fund flow report for the week ended Aug 16, MIDF noted that while foreign investors recorded net sales of RM74.3 million on Monday, they were net buyers for the remainder of the week.
“The strongest day of net buying was on Friday, with RM288.3 million recorded.
“The top three sectors attracting net buying by foreign investors last week were financial services (RM620.6 million), telecommunications and media (RM93.9 million), and transportation and logistics (RM40.8 million),” it said.
Conversely, the top three sectors that saw net sales by foreign investors were technology (RM143.8 million), property (RM113.3 million), and industrial products and services (RM100.7 million).
