Foreign funds net sellers at RM456m last week

Foreign funds have continued to reduce their shareholdings in Malaysian companies.

KUALA LUMPUR: Foreign investors continued to offload Malaysian equities last week, taking out a sum of RM456.09 million from Monday to Thursday as compared with a RM237.33 million outflow seen between March 6 and 9, as volatility persists.

Bank Islam Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said retail investors recorded net sales of RM97.75 million compared with net buying of RM229.56 million recorded in the previous week.