新2手机网址（www.hg108.vip）:Offshore fund purchases on Bursa moderate to RM244.6mil net
KUALA LUMPUR: Despite the loss of investor appetite for global equities over the past week, Bursa Malaysia continued to see a net inflow of RM244.6mil by foreign investors.
The inflow of foreign funds to Bursa Malaysia moderated in the last week as the lead-up to the US Federal Reserve's Jackson Hole symposium and its developments sent investors scurrying for cover.
However, net buying was seen in four out of the five trading days on the domestic market, with only Wednesday registering a net foreign outflow of RM90.5mil.
Meanwhile, local insitutions on Bursa Malaysia remained net sellers for a seventh consecutive week to the tune of RM286.2mil.
Local retailers however continued their buying spree for a third straight week with RM41.7bil net of funds purchased.,
"The top three sectors which saw net inflows by foreign investors were Financial Services, Telecommunications and Utilities at RM333.7mil, RM49.5mil and RM39.9mil respectively.
"Meanwhile, the top three sectors with net outflows were Technology at -RM87.8mil, Healthcare at -RM73.1mil and Industrial Products and Services at -RM25.3mil," said MIDF Research in its weekly fund flow report.
In terms of participation, there was a decline in average daily trade value (ADTV) across the board, led by a drop of 8.9% among local institutions, 2.97% among retailers and 0.9% among foreign investors.
Overall on the broader Asian market, the net buying came to a halt after five consecutive weeks, due mainly to the Taiwan and Philippines markets falling into the red.
Over the seven exchanges tracked by MIDF, the Asian markets registered steep net selling of US$60.4mil net.
"The exodus of foreign funds was seen in Taiwan, with a net outflow of US$1.35bil, almost double the outflow of US$791.8mil seen in the previous week," it said.