KUALA LUMPUR: Malaysian equities saw a second consecutive week of net inflow on a short trading week following the holiday on Tuesday due to Thaipusam festival, said MIDF Research.
Despite the net outflow in its regional peers, foreign investors bought RM11.35 million net of local equities last week, compared to RM397.85 million net in the preceding week.
"As the market reopened on Monday last week, foreign investors and retailers sold RM70.04 million and RM18.67 million net of local equities respectively," it said.
The firm said local institutions started the week as net buyers to the tune of RM88.71 million.
"Net selling by foreign funds continued on Wednesday after the holiday on Tuesday, albeit at a slower pace.
"Net outflow from foreign investors was RM27.73 million, which was joined by local institutions where the net selling amounted to RM13.5 million.
"The net buying was done by local retailers with RM41.23 million," it said.
MIDF Research said foreigners reversed their stance and became net buyers on Thursday and Friday.
The largest foreign inflow was recorded on Friday at RM59.36 million, followed by RM49.76 million posted on Thursday.
"The largest outflow was on Monday at RM70.04 million," it said.
As for retailers, the firm said they were net buyers everyday for the week except on Monday.
"The largest net buying by the retailers was recorded on Wednesday (RM41.23 million). For the week, retailers net bought RM35.30 million worth of equities in Bursa," it said.
On the other hand, the firm said local institutions recorded cumulative weekly net selling of RM46.84 million.
The local institutions were net sellers for all days of the week except on Monday. The largest net selling was on Friday at RM62.64 million.
In terms of participation the retail investors, local institutions and foreign investors recorded a weekly movement of -14.40 per cent, -6.54 per cent and -9.17 per cent respectively in average daily trade value.