KUALA LUMPUR: Foreign investors snapped up RM786.42mil net of local equities last week during the holiday-shortened week compared with RM964.33mil in the preceding week, according to MIDF Research.

       MIDF Research noted that this was the fourth consecutive week of net buying by foreign investors.

       “Foreign investors were net buyers for every day of the week. The largest foreign inflow was recorded on Monday with the smallest inflow on Thursday to the tune of RM513.62mil and RM6.78mil respectively,” MIDF said in its weekly fund flow report.

       Retailers were net buyers for every day of the week except on Monday, with the largest buying recorded on Thursday at RM84.92mil.

       The smallest net buying by retailers was recorded on Wednesday at RM4.68mil.

       Cumulatively, for the week, retailers net bought RM85.98mil worth of equities in Bursa.

       Meanwhile, local institutions recorded cumulative weekly net selling to the tune of RM872.40mil.

       MIDF said local institutions were net sellers for every day of the week with the largest net selling on Monday to the tune of RM485.65mil.

       “Since the beginning of 2021, cumulatively, retailers have been the only net buyers of our equity market to the tune of RM9.55bil.

       “Local institutions and foreign investors were net sellers to the tune of RM5.33bil and RM4.22bil, respectively,” MIDF said.

       In terms of participation the retail investors, local institutions, and the foreign investors recorded a weekly movement of 3.68%, 5.99%, and 27.81% respectively in average daily trade value.