Foreign outflow from M'sian equity market highest in 17 months

PETALING JAYA: Malaysia saw the largest weekly outflow from its equity market last week since August 2013, as selling by foreign investors intensified amid uncertainties arising from the current weak oil prices and the prospects of higher US interest rates in the coming months.

Foreign money outflow from the Malaysian equity market totalled RM1.42bil for the week ended Jan 16, which was more than double from the RM535.2mil registered in the preceding week, according to the latest fund flow report by MIDF Equity Research.