KUALA LUMPUR: Foreign funds remained net sellers at Bursa Malaysia in the week ended July 24 at net RM910.2mil, which was the 23rd consecutive week of foreign net selling, MIDF Research says.
“In comparison with the other six Asian markets we track, Malaysia still has the fourth smallest foreign net outflow on a YTD basis, ” it said.As markets reopened on Monday last week, foreign investors disposed -RM110.7mil net of local equities.
Foreign net inflow subsided on Wednesday and Thursday last week at a tune of -RM137.3mil and -RM23.4mil respectively. On Friday, Bursa experienced the highest foreign net outflow at a -RM342.8mil on mounting geopolitical headwinds.
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