FOREIGN investors broke their nine-week streak as net buyers on Bursa Malaysia with a net outflow of -RM60.11 mil last week (April 11-15).
On the contrary, local retailers switched back to being net buyers with net inflow of RM177.33 mil but local institutions remained net sellers with net outflow to the tune of -RM117.21 mil, according to MIDF Research.
“Foreign investors were net buyers on Bursa Malaysia on Monday (April 11) with RM440,000 before turning net sellers on Tuesday (April 12) with -RM22.29 mil,” observed the research house in its weekly fund flow report.
“The largest net outflow by foreign investors was on Thursday (April 14) at -RM41.83 mil before they turned net buyers again on Friday (April 15) to the tune of RM12.67 mil.”
Year-to-date (YTD), international funds have been net buyers on the local bourse for 12 out of the first 15 weeks of 2022 with a net inflow of RM6.91 bil.
Meanwhile, local retailers were net buyers for every trading session of the week with the largest net inflow on Monday (April 11) at RM52.06 mil while the smallest net inflow occurred on Friday amounting to RM16.36 mi1.
As for local institutions, they were net sellers for every trading session of the week except Thursday (April 14) where they turned net buyers with a net inflow of RM4.01 mil.
Their largest net outflow happened on Monday (April 11) at -RM52.50 mil while their smallest net outflow took place on Tuesday (April 12) to the tune of -RM12.35 mil.
YTD, local institutions are net sellers amounting to RM7.5 bil while local retailers have been net buyers at RM588.2 mil.
The FBM KLCI declined -1.14% last week (April 11-15 period) to settle below the 1,600-point mark at 1,589.01 points while the ringgit posted a weekly depreciation by circa 0.31% against the greenback to close at 4.2345/US$ last Friday (April 15). – April 18, 2022
