KUALA LUMPUR, May 9 – Overseas investors were net sellers with net outflows of RM365.7 million for the week ending May 6, after being net buyers for just two weeks, MIDF Amanah Investment said. Bank Bhd (MIDF Research).
In its weekly fund flow report, the investment bank today said local retailers remained net buyers for the fourth consecutive week at RM202.8 million, while local institutions halted their net sell streak for 12 weeks with a net buy position of RM162.9 million. Last week.
“To date, international funds have been net buyers for 14 of the 18 weeks of 2022, with a total net inflow of RM6.92 billion. They were net sellers on both trading days, standing at RM143.1 million on Thursday and RM222.6 million,” he said.
MIDF Research said that due to the Aidilfitri festival and Labor Day replacement holiday, there were only two trading days last week, namely Thursday and Friday.
He said local institutions were net buyers on both days, recording RM71.9 million on Thursday and RM91.1 million on Friday.
Further, he said they have been net sellers for 15 out of 18 weeks this year and to date have sold RM7.8 billion worth of shares.
“Local retailers were also net buyers on both trading days, registering RM71.3 million on Thursday and RM131.5 million on Friday,” he added.
The investment bank said year-to-date local retailers have been net buyers at RM875.5 million.
In terms of participation, foreign investors saw an increase in average daily trade value (ADTV) of 63.18%.
Local retailers saw an increase of 4.29%, while local institutions saw a decline of 9.14%.
MIDF Research revealed that Hengyuan Refining Company Bhd recorded the largest net silver inflow of RM4.29 million last week, while Malayan Banking Bhd recorded the largest net silver outflow of RM7.11 million. from RM. — Bernama