The highest inflow was recorded last Monday at RM81.7 million, followed by RM72.8 million on Friday.

Local institutions, however, continued to be net sellers for the second consecutive week, dumping RM87 million worth of equities last week, the research house said.

“Friday saw the heaviest net outflow from the retailers at RM58.8 million,” MIDF Research said.

The research house pointed out the top three sectors that saw the highest net inflows from foreigners were financial services, technology and utilities at RM141.9 million, RM39.2 million and RM37.5 million, respectively.

“Only two sectors saw foreign net outflows — industrial products and services at RM145.6 million and transport at RM2.5 million,” it said.

According to MIDF Research, international funds have been net buyers for 18 out of the 29 weeks of 2022 so far, recording a total net inflow of RM6.11 billion.

Meanwhile, local institutions have been net sellers for 22 out of the 29 weeks with a total net outflow of RM7.89 billion and local retailers have been net buyers for 19 weeks with net inflow of RM1.78 billion.

In terms of participation, MIDF Research said there was an increase in average daily trade value (ADTV) among all investor classes.

It added that retail investors’ ADTV rose by 40.8%, while institutional and foreign investors saw growth of 47% and 42.4%, respectively.