KUALA LUMPUR (June 8): Foreign investors became net sellers of Malaysian equities last week, with the net outflow recorded at RM135.63 million, according to an MIDF Research report. 

It was the first net outflow recorded after two consecutive weeks of net inflows, the report added.

MIDF said in the note today that as the market reopened last Monday, foreign investors bought RM60.45 million net of local equities, with retailers and local institutions as net buyers and net sellers to the tune of +RM6.21 million and -RM66.66 million respectively.

According to MIDF, foreign investors were net sellers on the majority of days except for Monday and Wednesday.

The largest foreign inflow was recorded last Wednesday at RM139.16 million, while the largest outflow was on Friday at RM232.9 million.  

As for retailers, they were net buyers every day except on Wednesday.

The largest net buying by retailers was recorded last Tuesday at RM257.22 million, while the smallest net buying was recorded last Monday, MIDF noted. 

Cumulatively, for the week, retailers net bought RM428.89 million worth of equities on Bursa Malaysia, it added.

Meanwhile, MIDF said local institutions' cumulative weekly outflow was to the tune of RM293.26 million. 

The biggest net selling done by local institutions was on Tuesday at RM216.1 million, while the smallest net selling happened last Monday. Conversely, the largest net buying was recorded last Friday to the tune of RM106.3 million.

MIDF noted that since the beginning of 2021, cumulatively, retailers were the only net buyers of the equity market to the tune of RM6.9 billion.

It added that for the same period, local institutions and foreign investors were net sellers to the tune of RM3.67 billion and RM3.23 billion respectively. In terms of participation, it stated that retail investors recorded a weekly increase of 8.83%, while local institutions, and foreign investors recorded a weekly decrease of 0.15% and 61.14% respectively in average daily trade value (ADTV).