KUALA LUMPUR: Foreign funds were back in selling mode, disposing of RM337.02mil net of local equities last week, according to MIDF Research.
“As market reopened on Monday last week, foreign investors sold RM852.52mil net of local equities, with retailers and local institutions as net buyers to the tune of RM493.3mil and RM359.23mil respectively,” MIDF said in its weekly fund flow report.
The research house said foreigners were only net sellers on Monday and Wednesday, where combined outflow recorded was to the tune of RM950.99mil.
Total inflow did not manage to reverse the selling momentum for last week. Largest foreign inflow was recorded on Friday at RM435.51mil at the smallest inflow was Tuesday at only RM41.78mil, MIDF noted.
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