Foreigners withdrew RM903 million from the Malaysian market last week, says MIDF. midf
PETALING JAYA: Offshore investors marked their fourth straight week of exiting Malaysia at a relatively stronger pace last week, according to MIDF Research.
According to data from Bursa, MIDF said foreign funds pulled out RM903.2 million net of local equities, the most in 21 weeks. Foreign net outflow reached RM198.6 million on Monday, before swelling further to RM263.3 million on Tuesday, the largest in a day so far this year. While the local bourse followed the suit to make marginal gains, a heavy sell-off occurred again on Friday to the tune of RM193.3 million. Losses across Asian markets, including Malaysia, accelerated following the 20.7% year-on-year slump in China’s exports in February.
MIDF said Tenaga Nasional Bhd recorded the second highest net money inflow of RM9.17 million. Its share price ended 2.91% lower for the week, again underperforming the benchmark which was 1.23% lower.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
DAP man accuses Umno-PAS of instilling fear among Malays | The Malaysian InsightPeddling fear is the go-to strategy of both Malay-based parties and by association, MIC and MCA, says Ronnie Liu.
Read more »
Non-Muslims, non-Malays don’t want a PAS-run federal government, says Guan Eng | The Malaysian InsightPeople of other races feel threatened that they have been made scapegoats by PAS and Umno, says DAP sec-gen.
Read more »
Asean needs to revisit market sharing concept, says Dr Mahathir | Malay MailMANILA, March 7 — Tun Dr Mahathir Mohamad has proposed that Asean member states need to revisit the old idea of sharing their domestic markets that was mooted when the regional block was set up in 1967. The prime minister said through the concept, the Asean member countries could discuss and...
Read more »
Talks still ongoing over Singapore water issue, foreign minister says | Malay MailSEPANG, March 5 — Discussions between Malaysia and Singapore so far have been positive and have not reached the stage of taking the water supply agreement to the International Court of Justice (ICJ), said Foreign Minister Datuk Saifuddin Abdullah. He said the closed-door discussions at...
Read more »
EU palm oil ban breaches WTO rules, not scientific, says Malaysia | The Malaysian InsightMalaysia is claiming that the proposal is not based on sound evidence and breaches WTO's non-discriminatory rules.
Read more »