KUALA LUMPUR: Foreign investors continued to be net buyers again of stocks on Bursa Malaysia, with net inflows from them totalling RM26.15 million for the week ended May 20, MIDF Research said.

The firm said to date, international funds had been net buyers for 16 out of the 20 weeks of 2022, with total net inflows of RM7.0 billion.

Local retailers turned net sellers for the week, after five consecutive weeks of being net buyers with net outflows of RM8.03 million. 

Meanwhile, local institutions continued to be net sellers with a net selling position totalling -RM18.12 million last week.  

MIDF Research said local institutions were net buyers on Tuesday and Wednesday to the tune of RM57.68 million and RM13.23 million respectively. 

The highest net selling was recorded on Friday at -RM63.07 million while the smallest net selling happened on Thursday at RM25.96 million. 

They have been net sellers for 17 out of 20 weeks this year. To date, they have sold RM8.11 billion of equities. 

MIDF Research said local retailers were net sellers from Tuesday to Thursday, with a total net selling of RM13.55 million. 

Despite the four days of net selling, local retailers recorded an overall net buying of RM5.52 million for the week.

In terms of participation, MIDF Research said foreign investors saw an increase in the average daily trade value by +13.14 per cent. 

Local retailers saw a decline of 1.06 per cent while local institutions also dropped, by 0.75 per cent.