KUALA LUMPUR: Foreign investors were net buyers of Malaysian stocks for the week ended April 1 with total net inflows of RM536.5 million, MIDF Research said.
The firm said international funds had been net buyers on Bursa Malaysia for 11 out of the first 13 weeks of 2022, with a net inflow of RM6.66 billion year-to-date.
Local retailers turned net sellers for the week with RM72.74 million.
MIDF Research said foreign investors were net buyers for all the trading days last week, with the largest being on Friday at RM194.8 million and the smallest on Tuesday at RM30.7 million.
Local institutions remained net sellers with the largest selling being on Monday at RM138.2 million and smallest selling on Wednesday at RM51.4 million.
Overall, local institutions were net sellers with RM463.75 million.
MIDF Research said local retailer movements were rather mixed last week with three days of net selling and two days of net buying, culminating with a net selling position for the week at -RM72.74 million.
They were net sellers on Wednesday with RM36.12 million, Thursday (RM30.56 million) and Friday (RM80.96 million) and net buyers on Monday (RM17.39 million) and Tuesday (RM57.51 million).
"The most favoured sectors by foreign investors last week continued to be financial services, plantation and industrial product and services.
"These saw net inflows of RM335.6 million, RM100.4 million and RM54.6m respectively," it said.
MIDF Research said local institution's net buys were only in the healthcare and construction sectors with RM62.8 million and RM4.0 million respectively.
Year-to-date, local institutions are net sellers to the tune of RM7.08 billion while local retailers and foreign investors have been net buyers at RM0.42 billion and RM6.7 billion respectively.
In terms of participation, only foreign investors saw an increase in average daily trade value by 5.95 per cent.
Local institutions and local retailers recorded declines of 20.47 per cent and 13.49 per cent respectively.