MIDF Research head Zulkifli Hamzah said sellers overwhelmed buyers in the last two days of last week, with the net amount sold exceeding RM100mil each day. On a cumulative basis, Zulkifli said foreign investors remained net sellers of Malaysian stocks as of Sept 5 amounting to RM1.76bil. In 2013, Malaysia reported a net inflow of RM3bil.
PETALING JAYA: After three weeks of buying frenzy, foreign investors sold Malaysian equity for the first time, albeit a small amount of RM61.2mil last week, according to MIDF Research head Zulkifli Hamzah.
“There is an apparent increase in aversion towards Malaysian equity,” he said in a note to client yesterday.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
