“November has so far seen a foreign net outflow of -RM594.0m. On a year-to-date basis, foreign funds have taken out -RM8.98bil of local equities from Malaysia, making up 76.8% of last year’s total foreign outflow of -RM11.69bil,” the research house said.
KUALA LUMPUR: Selling by foreign funds picked up pace in the week ended Nov 15 and they were net sellers at RM408.5mil compared with -RM237.2mil net sold in the preceding week, according to MIDF Research.
According to its data released on Monday, this was the largest in six weeks. However, the selling was absorbed by local institutions at RM319.30mil and local retail investors at RM89.3mil.
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