Market breadth was overwhelmingly negative to the tune of 727 to 170, with 330 counters unchanged. Out of the 100 FBM KLCI stocks, only four headed north.
KUALA LUMPUR: Offshore funds went into a higher gear of selling on Bursa Malaysia last week, according to MIDF Research.
“Based on preliminary data from Bursa which excluded off market deals, foreign funds sold RM417.3mil net of local equities last week which is more than twice the amount withdrawn in the preceding week,” MIDF said in its weekly fund flow report.
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