Foreign funds back in selling mode on Bursa

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.