Foreign funds sell RM299.1mil of Malaysian shares

Bursa Malaysia asked the company to disclose any corporate developments in the company including those at negotiation level. It must also divulge

KUALA LUMPUR: Foreign funds reduced their exposure in Malaysian equities last week, ending the three straight weeks of foreign buying after a dramatic week of events coming from the US, according to MIDF Research.

“Based on preliminary data from Bursa which excluded off market deals, the net amount disposed by foreign investors last week amounted to RM299.1mil net, the largest since the global stock market rout in early February,” MIDF said in its weekly fund flow report.