KUALA LUMPUR: Foreign investors were net buyers on Bursa Malaysia for week ended Nov 12, with net inflow of RM359.14mil, making it the sixth week of net inflow by foreign institutions, MIDF Research said.

       The largest foreign inflow was on Friday at RM177.45mil and the only outflow was on Tuesday at RM47.66mil respectively, it said.

       MIDF pointed out retail investors were net buyers every day for the week totalling RM185.75mil.

       However, the net buying by foreign funds and local retailers were was offset by the ongoing net selling by local institutions with cumulative weekly net selling of -RM544.49mil.

       “Since the beginning of 2021, cumulatively, retailers have been the only net buyers of our equity market to the tune of RM11.36bil.

       “Local institutions and foreign investors were net sellers to the tune of -RM9.61bil and -RM1.75bil, respectively,” it said.

       MIDF said CIMB registered the highest net money inflow of RM2.70m last week. Its share price was -0.59% lower for the week, underperforming the local bourse which saw a -0.03% weekly decrease.

       Public Bank saw the second highest net money inflow of RM2.19m while Inari saw the third highest net money inflow of RM2.12m.

       Meanwhile, Petronas Chemicals saw the largest net money outflow of -RM3.28mil last week. Its stock price was +0.12% higher for the week/

       Telekom Malaysia recorded the second largest net money outflow -RM2.27m during the week under

       review. Tenaga Nasional registered the third largest net money outflow of –RM1.50mil in the review week.