KUALA LUMPUR: Foreign investors were net sellers once again to the tune of RM83mil for the week ended May 27 after a brief two weeks as net buyers on the Malaysian market.

       According to MIDF Research, Asian markets recorded an eight consecutive week of foreign outflows last week amid the ongoing uncertainties in the global economy.

       "Based on the provisional aggregate data for the seven Asian exchanges that we track, investors classified as “foreign” sold USD364.8m net last week," it said in a report.

       On Bursa Malaysia, international funds remain net buyers year-to-date with a total net inflow of RM6.92bil.

       Meanwhile, net retailers were net buyers on every day of he past week except on Wednesday.

       "Local retailers returned as net buyers once again at RM135.1m, following the net selling by both local institutions and foreign investors.

       "The previous occurrence when local retailers were the sole net buyers was on the week ended April 15," said MIDF.

       Year-to-date, local retailers have been net buyers with RM1.24bil net of local equities purchased.

       Local institutions were net sellers for the week, extending their losing streak for a third straight week, with RM52.1mil net sold.

       This brings their net sale of equities in 2022 so far to RM8.16bil

       In terms of participation, all investor classes saw a decline for the week.

       Foreign investors saw a decrease in the average daily trade value (ADTV) by 19.7%.

       Local retailers and local institutions posted declines of 6.5% and 17.5% respectively in ADTV.