THE last four months have seen foreign investors net selling on the local stock exchange.

Foreign investors continued to sell equities on Bursa Malaysia for the sixteenth consecutive week, with Tenaga Nasional Bhd (TNB), Public Bank Bhd and YTL Corp Bhd being the top three counters net sold by them.

The pace of outflows slowed to RM169.4 million compared to the previous week’s RM503.3 million, according to a fund flowreport MIDF Research.

In contrast, the report noted local institutions continued to support the local bourse for the sixteenth consecutive week, with net purchases totalling RM194.2 million in domestic equities, with TNB and Public Bank among the top counters.

For the week ended Jan 10, local retail investors ended their buying streak of four consecutive weeks with a net outflow of RM24.8 million in equities, amounting to two weeks of net selling thus far in CY25.

The average daily trading volume (ADTV) saw inclines across the board last week with the exception of foreign investors, the report added. –TMR