FOREIGN investors continued to dump Malaysian equities for the fifth consecutive week ended Feb 10 with net selling of RM512.3 million.

They net sold everyday with the largest net selling on Tuesday at RM220.57 million, according to a fund flow report by MIDF Research.

The only sectors which recorded net inflows by foreign investors last week were energy at RM26.4 million and property at RM3.9 million.

In contrary, the report said construction, technology and financial services were sectors that recorded the highest net outflows for the week.

It noted that local institutions continued to pick up Malaysian equities with a net buy of RM121.0 million last week. This is their fifth consecutive week of net buying. – TMR / pic TMR File