In its fund flow report for the week ended Nov 3, the research house said foreign investors net bought RM58.3 million on Tuesday, RM83.3 million on Thursday and RM210.5 million on Friday.

However, foreign investors were net sellers at RM79.2 million on Monday and RM109.2 million on Wednesday.

“The top three sectors with net foreign inflows for the week were utilities (RM56.7 million), construction (RM54.7 million) and property (RM48.5 million).

“Meanwhile, the top three sectors that recorded net foreign outflows were financial services (-RM60.9 million), consumer products and services (-RM42.9 million) and energy (-RM10.8 million),” it said.

According to MIDF, local institutions snapped a four-week net buying spree by selling RM93.4 million last week.

It said local institutions net sold RM54 million on Tuesday, RM41 million on Thursday and RM137.6 million on Friday while they net bought RM55.6 million on Monday and RM83.6 million on Wednesday.

Meanwhile, local retailers continued to net sell last week at RM70.3 million, bringing their net selling streak to four weeks as they net sold RM4.3 million on Tuesday, RM42.3 million on Thursday and RM72.9 million on Friday.

“They net bought RM23.6 million on Monday and RM25.6 million on Wednesday,” said MIDF Research.

In terms of participation, MIDF Research said there were declines in average daily trading volume among foreign investors by 10.4% and among local retailers by 2.6% last week while local institutions recorded an increase of 2.9%.