KUALA LUMPUR: The previous week saw foreign investors becoming net sellers with outflow amounting to RM477.43mil against RM466.42mil in the preceding week, according to MIDF Research.
“As the market reopened on Monday last week, foreign investors sold RM225.46m net of local equities, with retailers and local institutions as net buyers to the tune of RM194.06mil and RM31.40mil respectively,” MIDF said in its weekly fund flow report.
The research house said the market saw net foreign outflow every day except on Thursday.
The inflow was insufficient to reverse the negative momentum. Largest foreign outflow was recorded on Monday at RM225.46mil and the smallest outflow was on Friday at only RM80.11mil.
On the other hand, retailers were net buyers every day last week. Largest net buying was recorded on Wednesday at RM274.05mil and smallest net purchase was on Thursday at RM90.88mil.
Meanwhile, local institutions were net sellers every day of the week, except on Monday. The mixed ending was recorded after three weeks of net selling this year.
“Cumulative weekly outflow was to the tune of RM461.26mil. The biggest outflow was on Thursday at RM235.35mil and the smallest outflow was on Tuesday at RM29.31mil,” MIDF said.
“Since the beginning of 2021, cumulatively, retailers are the only net buyers of our equity market to the tune of RM3.75bil.
“Local institutions and foreign investors are net sellers to the tune of RM2.05bil and RM0.42bil respectively,” it said.
In terms of participation, the retail investors, foreign investors and local institutions recorded a weekly increase of 0.43%, 8.42% and 48.83% in average daily trade value (ADTV) respectively.