Foreign selling on Bursa picks up steam
KUALA LUMPUR: International funds shifted their selling mode into a higher gear last week, according to MIDF Research.
“Based on data from Bursa, foreign funds sold RM416.7mil net of local equities last week.
“This is the fourth time that the weekly foreign net selling reached above RM400mil so far in 2019,” the research house said in its weekly fund flow report.
Bursa began the quarter with an exodus of foreign funds on Monday worth RM265.1m net, the highest in 15 trading days.
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