KUALA LUMPUR (April 18): Local retailers switched back to being net buyers of Malaysian equities last week with a net inflow of RM177.33 million, while foreign investors turned net sellers last week with a net outflow of RM60.11 million.

In its weekly fund flow report on Monday (April 18), MIDF Research said local institutions remained net sellers with a net outflow to the tune of RM117.21 million.

MIDF said foreign investors were net buyers on Bursa Malaysia last Monday at RM440,000, before turning net sellers last Tuesday at RM22.29 million.

The largest net outflow by foreign investors was at RM41.83 million last Thursday, before they turned net buyers last Friday to the tune of RM12.67 million, it added.

MIDF also noted that international funds had been net buyers on Bursa for 12 out of the first 15 weeks of 2022, with a net inflow of RM6.91 billion year-to-date.

Meanwhile, local retailers were net buyers for all days of the week with the largest net inflow last Monday with net buying of RM52.06 million and the smallest net inflow last Friday at RM16.36 million, according to MIDF.

Local institutions, however, were net sellers for all days of the week except last Thursday when they turned net buyers at RM4.01 million.

The largest net outflow by local institutions was at RM52.5 million last Monday and the smallest net outflow to the tune of RM12.35 million last Tuesday, said MIDF.

Year-to-date, local institutions are net sellers to the tune of RM7.5 billion, while local retailers are net buyers at RM588.2 million.