KUALA LUMPUR: Foreign investors selling on Bursa Malaysia extended to a seventh straight week, but at a slower pace of RM451.09mil last week from RM579.73mil in the prior week, according to MIDF Research.

       In its weekly fund flow report, MIDF said foreign investors were net sellers every day of the week with the largest foreign outflow recorded last Friday and the smallest outflow last Thursday to the tune of RM133.77mil and RM36.80mil respectively.

       Retailers were net buyers every day last week with the largest net buying recorded last Wednesday at RM112.28mil.

       The smallest net buying by retailers was last Monday to the tune of RM36.30mil.

       Meanwhile, MIDF said local institutions recorded cumulative weekly net buying to the tune of RM121.70mil.

       Local institutions were net buyers last Monday, Wednesday, and Friday with the largest net buying on Friday to the tune of RM279.86mil.

       “Since the beginning of 2021, cumulatively, retailers have been the only net buyers of our equity market to the tune of RM9.3bil,” MIDF said.

       In terms of participation the retail investors, local institutions, and foreign investors recorded a weekly movement of -8.66%, -2.32% and -1.75% respectively in average daily trade value.

       Cumulatively, for the week, retailers net bought RM329.30mil worth of equities on Bursa Malaysia.