KUALA LUMPUR: Foreign investors continued to buy into stocks listed on Bursa Malaysia for the seventh consecutive week, with a net RM15.85mil of inflows against RM125.97mil in the preceding week.

       According to MIDF Research, foreign investors and local institutions were net sellers amounting to RM120.77mil and RM17.88mil respectively.

       Meanwhile, retailers were net buyers to the tune of RM138.65mil.

       “Foreign investors were net buyers for the majority of the week except on Monday and Friday.

       “The largest foreign inflow was recorded on Thursday with the smallest inflow on Wednesday to the tune of RM117.45mil and RM25.32mil respectively,” MIDF said in its weekly fund flow report.

       Retailers were net buyers for every day of the week except on Thursday.

       The largest net buying by the retailers was recorded on Monday and smallest net buying was on Wednesday to the tune of RM138.65mil and RM2.79mil respectively.

       Cumulatively, for the week, retailers net bought RM242.78mil worth of equities in Bursa.

       On the other hand, local institutions recorded cumulative weekly net selling to the tune of RM258.64mil.

       “Since the beginning of 2021, cumulatively, retailers have been the only net buyers of our equity market to the tune of RM10.28bil.

       “Local institutions and foreign investors were net sellers to the tune of RM6.64bil and RM3.64bil, respectively,” MIDF said.

       In terms of participation the retail investors, local institutions and the foreign investors recorded a weekly movement of 7.77%, 13.73% and -31.26% respectively in average daily trade value.