KUALA LUMPUR (Sept 13): Foreign investors remained net buyers for the fifth consecutive week as of last Friday (Sept 10), albeit at a slower pace of RM433.16 million from RM786.42 million the prior week.

In its weekly fund flow report today, the MIDF Research team said that as the market reopened last Monday, foreign investors were net buyers amounting to RM72.18 million.

It said retailers followed with net buying of RM11.1 million.

“Meanwhile, local institutions were net sellers to the tune of RM83.28 million.

“Foreign investors were net buyers for every day of the week except last Thursday.

“The largest foreign inflow was recorded last Wednesday, with the smallest inflow last Monday, to the tune of RM207.19 million and RM72.18 million respectively,” it said.

MIDF said net selling by foreign investors last Thursday amounted to RM62.95 million.

“As for retailers, they were net buyers every day.

“The largest net buying by retailers was recorded last Thursday and the smallest net buying was on Monday to the tune of RM129.62 million and RM11.1 million respectively,” it said.

The research house said that cumulatively for the week, retailers net bought RM278.59 million worth of equities on Bursa Malaysia.

“Meanwhile, local institutions recorded cumulative weekly net selling to the tune of RM711.96 million.

“Local institutions were net sellers every day of the week, with the largest net selling last Wednesday to the tune of RM243.26 million, while the lowest was on Thursday (RM66.88 million),” it said.

MIDF said since the beginning of 2021, cumulatively, retailers were the only net buyers of the local equity market to the tune of RM9.83 billion.

It said local institutions and foreign investors were net sellers to the tune of RM6.04 billion and RM3.79 billion respectively.

“It is worth noting though that foreign investors gradually reduced their net selling from RM6.01 billion on a year-to-date (YTD) basis as at Aug 9, 2021.

“In terms of participation, retail investors, local institutions and foreign investors recorded weekly movements of 2.49%, -1.15% and -29.79% respectively in average daily trade value (ADTV),” it said.