Intensified foreign selling seen on Bursa Malaysia

KUALA LUMPUR: Bursa Malaysia continued to see an exodus of foreign funds last week, marking the third consecutive week of foreign net selling.

“Based on data from Bursa, foreign investors sold a whopping RM770.8mil net of local equities last week, more than four times compared to RM150.9mil in the week before. This is the biggest weekly foreign net outflow in eight weeks, ” MIDF said in its weekly fund flow report.