KUALA LUMPUR: The previous week saw foreign investors becoming net buyers every day of the week.

       In its weekly fund flow report, MIDF Research said foreign investors were net buyers to the tune of RM397.85mil for the week ended Jan 14 against a net outflow of RM62.15mil in the week prior.

       “As the market reopened on Monday last week, foreign investors and retailers bought RM36.82mil and RM5.41mil net of local equities respectively while local institutions as net sellers to the tune of RM42.23mil respectively,” it said.

       Foreigners were net buyers everyday of the week with the largest foreign inflow recorded on Tuesday at RM171.58mil and the smallest inflow was on Friday at only RM0.53mil.

       MIDF said local institutions were active sellers last week with the largest net outflow was on Tuesday and smallest on Monday, to the tune of RM167.65mil and RM42.23mil respectively.

       The research house said the market saw retailers as net buyers except on Tuesday (RM3.92mil). The largest net buying was recorded on Friday at RM113.64mil while the smallest net buying was on Wednesday at RM3.60mil.

       “Overall, for the second week of 2022, local institutions and foreign investors finished strong as net buyers at RM132.79mil and RM397.85mil respectively. Meanwhile, retailers were net sellers at RM530.64mil,” MIDF said.

       In terms of participation the retail investors, local institutions and the foreign investors recorded a weekly movement of 18.39%, 41.52% and 39.54% respectively in average daily trade value.