Foreigners sell M'sian shares, RM636mil flows out

The foreign mone y outflow in the week ended Sep t 19 was the highest since Mar ch, accor ding to MIDF Re s e arch.

PETALING JAYA: Net foreign selling in Malaysian equities intensified in the week ended Sept 19, with the market registering its biggest outflow since March this year, amid concerns over the timing of US interest rate normalisation and Bank Negara’s decision to maintain the country’s overnight policy rate (OPR).

In the third consecutive week of foreign selling, outflow from Malaysian equities (excluding off-market deals) rose to RM635.8mil, compared with RM197.3mil in the preceding week.

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