KUALA LUMPUR: Foreign investors continued to exit Bursa Malaysia for the May 18-21 period, recording a total net outflow of RM394.34 million, as the country entered the third week of its Conditional Movement Control Order (CMCO) enforcement amidst the COVID-19 pandemic.
The amount was lower compared with two consecutive weeks previously, on May 12-14 and May 4-7, which recorded RM734.18 million and RM736.28 million, respectively, of foreign net selling.
An analyst told Bernama that the decline in value of foreign disposals for the week under review, might have been a result of the CMCO implementation, which allows the economy to gradually reopen, and had progressively helped in boosting the country’s economy and rebuild consumers’ as well as investors’ confidence.
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