KUALA LUMPUR: Foreign investors remained net sellers for the week ended July 23, with an outflow of RM147.87 million, MIDF Research said.
MIDF Research said this was the fifth consecutive week of net selling by foreign investors.
However, the firm said the pace of net selling by the foreign investors had been downtrending, where it was 17.6 per cent lower than the previous week.
MIDF Research said as the market reopened last Monday, foreign investors were net buyers amounting to RM7.97 million.
Local institutions sold RM105.99 million net of local equities, with retailers as net buyers to the tune of RM98.02 million.
Foreign investors were net seller on Wednesday and Friday.
"The largest foreign outflow was recorded on Wednesday with the smallest outflow on Friday to the tune of RM146.95 million and RM41.61 million, respectively.
"Meanwhile, the largest net buying on Thursday amounted to RM32.72 million," it said.
As for the retailers, MIDF Research said they were net buyers every day last week.
Cumulatively for the week, retailers net bought RM154.68 million worth of equities in Bursa Malaysia.
MIDF Research said local institutions recorded cumulative weekly net selling of RM6.80 million.
"Since the beginning of 2021, cumulatively, retailers have been the only net buyers of our equity market to the tune of RM8.71 billion.
"Local institutions and foreign investors were net sellers to the tune of RM3.75 billion and RM4.96 billion respectively," it said.
MIDF Research said in terms of participation the retail investors, local institutions and the foreign investors recorded a weekly movement of 10.82 per cent, 16.58 per cent and 11.38 per cent respectively in average daily trade value.