“As the market reopened last Monday, foreign investors sold RM25.70mil net of local equities, with retailers as net buyers and local institutions as net sellers to the tune of RM29.94mil and RM4.24mil, respectively,” it said in its weekly fund flow report.The largest foreign outflow was recorded on Thursday with the smallest outflow on Tuesday to the tune of RM199.46mil and RM23.02mil respectively. Meanwhile, the net buying on Friday amounted to RM28.52mil.
Retailers were net buyers every day of the week except on Friday. The largest net buying by the retailers was recorded on Thursday at RM133.29mil and smallest net buying was on Monday to the tune of RM29.94mil.Meanwhile, local institutions recorded cumulative weekly inflow to the tune of RM12.10mil. “Since the beginning of 2021, cumulatively, retailers have been the only net buyers of our equity market to the tune of RM8.52bil.
“Local institutions and foreign investors were net sellers to the tune of RM3.88bil and RM4.64bil, respectively,” MIDF said. In terms of participation the retail investors, local institutions and the foreign investors recorded a weekly movement of 21.64%, 18.76% and 0.34% respectively in average daily trade value.