Foreign selling on Bursa Malaysia slowing down

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: Foreign funds continued to make their way out of Bursa albeit at a slower pace, bringing the foreign net selling spree to the ninth week, according to MIDF Research.

“Based on data from Bursa, foreign funds sold RM382.6mil net of local equities during the holiday-shortened week,” the research house said.