KUALA LUMPUR (April 11): Foreign investors continued to be net buyers for the week ended April 8, but total net inflows fell to RM312.4 million from RM536.5 million in the preceding week, according to MIDF Research's fund flow report on Monday (April 11).

Meanwhile, local institutions and local retailers stayed as net sellers for the week at RM303.19 million and RM9.22 million respectively, the report showed.

According to MIDF, international funds have been net buyers for nine consecutive weeks now, and net inflows have come in 12 out of the first 14 weeks of 2022.

Total net inflows for the nine weeks amounted to RM6.67 billion, while year-to-date (YTD), the net inflow was RM6.97 billion, it said.

According to MIDF, foreign investors were net buyers for all the trading days last week, with the largest last Monday at RM93.34 million and the smallest last Thursday at RM17.38 million.

As at last Friday, net buying by foreigners had continued for 14 straight days.

Local institutions, on the other hand, remained net sellers with the largest selling last Wednesday at RM95.49 million and the smallest selling last Friday at RM30.08 million.

Overall, local institutions were net sellers at RM303.19 million.

Meanwhile, local retailer movements were rather mixed last week with three days of net selling and two days of net buying, culminating in a net selling position for the week at RM9.21 million.

YTD, local institutions were net sellers to the tune of RM7.38 billion, while local retailers and foreign investors remained as net buyers at RM410 million and RM7 billion respectively.

In terms of participation, MIDF said local institutions and local retailers saw an increase in average daily trade value by 13.5% and 13.66% respectively.

Meanwhile, foreign investors recorded a decline of 10.39%.

MIDF also noted that the most favoured sectors by foreign investors last week continued to be financial services, industrial product and services, and plantation, which saw net inflows of RM329.9 million, RM57.3 million and RM45.1 million respectively.