KUALA LUMPUR: Foreign investors reversed the buying momentum as they became net seller of Malaysian equities for the week ended on June 4, with an outflow of RM135.63 million, MIDF Research said.
This was the first outflow after two consecutive weeks of net inflows.
MIDF Research said as the market reopened last Monday, foreign investors bought RM60.45 million net of local equities, with retailers and local institutions both as net buyers and net sellers to the tune of RM6.21 million and -RM66.66 million respectively.
Foreign investors were net seller on majority of days last week with net selling occurring on Tuesday, Thursday and Friday.
The largest foreign inflow was recorded on Wednesday at RM139.16 million and the largest outflow was on Friday at RM232.90 million.
MIDF Research said retailers were net buyers every day except on Wednesday.
The largest net buying by the retailers was recorded on Tuesday at RM257.22 million and the smallest net buying was on Monday.
Cumulatively for the week, retailers net bought RM428.89 million worth of equities in Bursa Malaysia.
MIDF Research said local institutions cumulative weekly outflow stood at RM293.26 million.
"Net selling occurred from Monday to Wednesday, before it turned net buyers for the remainder of the week," it said.
The biggest net selling done by local institutions was on Tuesday at RM216.10 million, while the smallest net selling happened on Monday.
MIDF Research said since the beginning of 2021, cumulatively, retailers had been the only net buyers of the local equity market with RM6.90 billion.
Local institutions and foreign investors were net sellers to the tune of RM3.67 billion and RM3.23 billion respectively.
MIDF Research said in terms of participation, the retail investors recorded a weekly increase of 8.83 per cent.
Local institutions and foreign investors recorded a weekly decrease of 0.15 per cent and 61.14 per cent respectively in average daily trade value.