KUCHING: Foreigners continued to pump liquidity into stocks listed on Bursa Malaysia last week albeit at a tapered rate amid the political turmoil in the US and Brazil.

Excluding off market transactions, the amount purchased last week was RM192.4 million which was the lowest in 11 weeks of buying, highlighted MIDF Amanah Investment Bank Bhd (MIDF Research).

Still, the buying streak by foreign investors have nowstretched for 15 straight weeks, edging closer towards the 24-week buying spree which started in December 2012 and ended in May 2013.

“Nevertheless, the foreign liquidity flow turned erratic, as foreign investors turned net sellers in two out of the five trading days,” it detailled in a note yesterday.

“On Wednesday, the 26-day buying streak was snapped as foreigners offloaded RM51.1 million net. Foreigners continued to reduce their position on Thursday, but returned promisingly on Friday.

“Despite lower foreign net add, participation remained elevated. Foreign average daily trade value (ADTV) jumped 27 per cent to RM1.26 billion — the third highest this year.”

Retailers took advantage of the market consolidation as they turned net buyers, albeit modestly at RM38.5 million. The retail market remained healthy as participation rate stayed above RM1 billion at RM1.39 billion, 17.8 per cent higher than that the week before.

This, MIDF Research said, is the tenth week this year that retail participation has exceeded the RM1 billion mark.

Top net inflows of the week was led by Malaysan Banking Bhd with a nt money inflow of RM9.29 million last week. The second highest net money infl ow was into MY EG Services Bhd which amounted to RM9.20 million.    KL Kepong Bhd saw the third highest net money infl ow of RM7.88 million.

Sime Darby Bhd saw the largest net money outflow of RM22.83 million last week. This was likely due to the company announcing its plans to dispose subsidiaries that import and distribute Peugeot, Citroen and DS brands in Australia and New Zealand.

Meanwhile, Tenaga Nasional Bhd recorded the second largest net money outflow oh RM20.13 million during the week under review, while United Plantations registered the third largest net money outflow at RM8.41 million.