KUALA LUMPUR: Bursa Malaysia continued to see net selling activities from the foreigners for the sixth consecutive week, according to MIDF Research.
The research house said foreign investors had net sold RM479.7 million worth of equities last week, which was higher than the RM336.9 million sold in the previous week.
"In a shortened trading week, foreign investors were net sellers for every trading day with the heaviest outflows recorded on Thursday at RM153.7 million and Tuesday at RM140.3 million," it said.
MIDF Research said the outflows recorded on Wednesday and Friday were RM86.4 million and RM99.3 million respectively.
In contrast, it said local institutions were net buyers during every trading day last week.
"They started off the week by net buying RM81.2 million worth of equities on Tuesday and the amount moderated to RM44.2 million on Wednesday before increasing to RM131.5 million on Thursday and slightly lower at RM111.5 million on Friday.
"Cumulatively, the local institutions have net bought RM368.4 million last week," the firm said.
Besides, MIDF Research said local retailers turned into net buyers last week, with a total weekly inflow of RM111.3 million.
On Tuesday, retailers net bought RM59.1 million worth of equities before moderating to RM42.2 million on Wednesday and RM22.2 million on Thursday.
"They closed off the week by net selling RM12.2 million worth of equities," it said.
To date, MIDF Research said international investors hadvbeen net buyers for 24 out of the 41 weeks of 2022, with a total net inflow of RM5.81 billion.
Local institutions were net sellers for 29 out of 41 weeks, with a total net outflow of RM8.11 billion.
"Local retailers have been net buyers for 27 out of 41 weeks of 2022. Year-to-date, they have net bought RM2.30 billion.
"In terms of participation, there was an increase in average daily trade value across all investor classes at 0.34 per cent for retail investors, 16.6 per cent for institutional investors and 16.3 per cent for foreign investors," it added.