Foreign investors reduce pace of selldown

MONDAY, FEBRUARY 5 KUALA LUMPUR- Bursa Malaysia

KUALA LUMPUR: The pace of foreign net selling in Malaysia has been slowing down for the past four consecutive weeks, according to MIDF Research.

“Based on preliminary data from Bursa which excluded off market deals, the amount sold by global funds last week was reduced by more than half from RM531.8mil net to RM247.1mil net. This is the smallest weekly attrition recorded so far in 2018,” MIDF said in its weekly fund flow report.