Foreign selling of Malaysian stocks slows

This was achieved as the FBM KLCI staged a steady rebound after the Government unveiled more solid measures to strengthen the economy. At 5pm, the index was up 21.34 points or 1.24% to 1,740.62.

KUALA LUMPUR: Foreign funds continued to sell shares listed on Bursa Malaysia for the fifth week albeit at a slower pace, according to MIDF Research.

“Based on data from Bursa, foreign funds sold RM80.3mil net of local equities last week. This was one third of the amount disposed in the preceding week,” MIDF said in its weekly fund flow report.