Intensified foreign selling seen on Bursa Malaysia

Good impact: Gains made on Bursa Malaysia yesterday were due to the positive sentiment in Asian markets and the rise in US stock futures after the US and China agreed not to impose more tariffs on each other

KUALA LUMPUR: The pace of foreign selling on Bursa accelerated last week ahead of the long weekend.

“Based on preliminary data from Bursa which excluded off market deals, international funds dumped RM663.4mil net of local equities last week, the highest in 9 weeks and was 40 times more than the amount withdrawn in the preceding week,” MIDF Research said in its weekly fund flow report.