Foreign selling continues, but at slower pace


Affin Hwang Investment Bank Vice President/Head of Retail Research Datuk Dr Nazri Khan Adam Khan said the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) would remain buoyant and touch 1,730.

KUALA LUMPUR: Global investors continued their retreat from Malaysia albeit at a slower pace last week, according to MIDF Research.

For the week, the net amount sold off by foreign investors was RM48.5mil, based on transactions in the open market, excluding off market deals. This amount was lower than the week before figure of RM63.1mil,” MIDF said in its weekly fund flow report.

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