KUALA LUMPUR: The intensity of foreign net buying activity on Bursa Malaysia softened during the holiday-shortened week to RM125.97mil last week from RM433.16mil in the preceding week, according to MIDF Research.
The research house noted that this was the sixth consecutive week of net buying by the foreign investors.
“Since the beginning of 2021, retailers have been the only net buyers of our equity market to the tune of RM10.04bil
“Local institutions and foreign investors were net sellers to the tune of RM6.38bil and RM3.66bil, respectively,” MIDF said in its weekly fund flow report.
As the market reopened last Monday, foreign investors were net buyers amounting to RM58.39mil followed by retailers with net buying of RM63.5mil.
Local institutions were net sellers to the tune of RM121.89mil.
MIDF noted that foreign investors were net buyers every day of the week except on Friday.
“The largest foreign inflow was recorded on Wednesday with the smallest inflow on Monday to the tune of RM76.96mil and RM58.39mil respectively.
“The net selling by foreign investors on Friday amounted to RM72.65mil,” it said.
The largest net buying by the retailers was recorded on Friday and the smallest net buying was on Wednesday to RM81.57mil and RM6.97mil respectively.
Cumulatively, for the week, retailers acquired RM211.55mil worth of equities on Bursa Malaysia.
On the other hand, local institutions recorded cumulative weekly net selling of RM337.92mil.
“Local institutions were net sellers every day of the week with the largest net selling on Tuesday to the tune of RM123.18mil, while the lowest was on Friday at RM8.92mil,” MIDF said.
In terms of participation, retail investors, local institutions, and foreign investors recorded a weekly movement of 4.67%, -6.08%, and 45.97% respectively in average daily trade value (ADTV).