Foreign ownership of Malaysian equities dropped to an all-time low of 20.2% of total market capitalisation as at end-July, says UOB Global Economics & Markets Research.
KUALA LUMPUR: Malaysia recorded an increase in foreign portfolio outflows totalling RM5bil in July as foreign funds continued to reduce their stakes in local equities and debt securities due to local and external factors.
UOB Global Economics & Markets Research said on Tuesday overseas investors continued to pare down their holdings of Malaysian equities for 25 months in a row.
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