Foreign fund flows into M'sia abate, ringgit seen at 4.2 against US$

At 9.23 am(0123gmt) Friday, the ringgit was quoted at 4.4220/4260 against the dollar from 4.4190/4220 at 6pm on Thursday

PETALING JAYA: The inflow of fresh money from abroad is seeing signs of a softening momentum after weeks of being net buyers of Malaysian equities.

Foreign fund flows into Bursa Malaysia turned negative last week after 18 weeks of relentless buying, with a net outflow of RM99.6mil from a net inflow of RM249.8mil the prior week. Still, foreign funds remained net buyers on Bursa Malaysia with over RM10bil net.