KUALA LUMPUR: Bursa Malaysia continued to see net selling activities from the foreigners for the seventh consecutive week, according to MIDF Research.
In its fund flow report today, MIDF Research said foreign investors had net sold RM68.22 million worth of equities last week, which was the lowest outflows compared to the past seven weeks.
"Foreign investors were net sellers for every trading day except Tuesday and Friday.
"The heaviest outflows for foreign investors were recorded on Thursday, at RM83.4 million," it said.
Meanwhile, MIDF Research said the heaviest inflows for foreign investors were recorded on Tuesday, at RM102.6 million.
Monday saw the continuation of foreign investors' net selling streak at RM53.5 million but this was broken on Tuesday before the net selling resumed, it said.
However, the firm said it ended the week with a net buying by foreign investors on Friday with RM20.1 million.
"The top three sectors that saw the most net inflows by foreigners last week were financial services, energy and telecommunication at RM81.1 million, RM46.8 million and RM27.7 million respectively.
"Meanwhile, the highest net outflows were healthcare at RM95.5 million, industrial products and services at RM81.0 million and construction at RM45.3 million," it said.
On the local institutions, MIDF Research said they were net buyers during every trading day last week, except on Tuesday with net outflows of RM105.7 million.
It said the heaviest net inflows for local institutions were on Thursday, recorded at RM120.5 million.
"Cumulatively, the local institutions have net bought RM147.5 million worth of equities last week.
"Local retailers turned to net sellers last week, with total weekly outflows of RM79.2 million.
"The largest net outflows for local retailers in the week were on Friday, at RM48.8 million, while the largest inflows were on Monday, at RM9.9 million," it said.
To date, MIDF Research said international investors have been net buyers for 24 out of the 42 weeks of 2022, with a total net inflow of RM5.7 billion.
It said local institutions were net sellers for 29 out of 42 weeks, with a total net outflow of RM8.0 billion.
"Local retailers have been net buyers for 27 out of 42 weeks of 2022. Year-to-date, they have net bought RM2.2 billion.
"In terms of participation, there was a surge increase in average daily trade value (ADTV) for foreign investors at 17.8 per cent and retail investors at 5.2 per cent.
"In contrast, the institutional investors declined by 2.5 per cent," it added.