KUALA LUMPUR, Jan 3 — Foreign investors acquired RM17.77 million net of local equities during the last week of 2021 compared to -RM38.16 million net sold the preceding week, said MIDF Research.
“As the market reopened last Monday, local institutions and foreign investors were net buyers amounted to RM2.73 million and RM56.73 million, respectively. Meanwhile, foreign retailers were net sellers of -RM59.46 million,” it said in its Equity Research today. Retailers were net sellers every day of last week, a reverse from the trend seen throughout 2021. The largest net selling by the retailers was recorded on Friday amounted to -RM105.28 million.“To note, this was the second week retailers recorded net selling after nine consecutive weeks on inflow,” said the research firm.
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