FOREIGN investors were net buyers on the local stock market last week, after three weeks of net selling, with RHB Bank Bhd, Tenaga Nasional Bhd (TNB) and United Plantations Bhd (UP) among the top stocks in their list.

In a fund flow analysis for the week ended Oct 18, MIDF Research said after three weeks of selling, foreign investors shifted to buying domestic equities, resulting in ‘a significant inflow’ of RM404.1 million last week.

It said the sectors that recorded the highest net foreign inflows were financial services (RM181.0 million), property (RM68.6 million), and industrial products and services (RM63.8 million), while the sectors that registered the highest net foreign outflows were consumer products and services (RM65.4 million), technology (RM13.9 million), and energy (RM10.0 million). — TMR