According to the stock exchange filing, the project will be close to retail amenities such as Sunway Giza, Sunway Nexis and Ikea Damansara as well as education institutions including Sri KDU and SEGi University, and Thomson Hospital.
KUALA LUMPUR: Foreign funds were net sellers on Bursa Malaysia at RM11.65bil or US$2.88bil since January this year, the highest since 2015 when net outflow was RM19.49bil, says MIDF Research.
It said on Monday while this amount offsets last year’s foreign net inflow of RM10.33bil, Malaysia has the second lowest year-to- date outflow amongst the four Asean markets which it tracks.
“Based on data from Bursa, foreign funds sold net RM127.6mil of local equities last week, the smallest in three weeks,” it said.
MIDF Research said overseas funds have been selling stocks listed on Bursa for the past eight consecutive weeks.
CIMB Group
Holdings Bhd registered the highest net money inflow of RM4.01mil last week. Its share price added 2.30% for the week, outperforming the local bourse which had a 1.30% weekly gain.
IHH Healthcare Berhad recorded the second highest net money inflow of RM2.80mil. Its share price ended 1.12% lower for the week, underperforming the benchmark which was only 1.30% higher.
RHB Bank Berhad saw the third highest net money inflow of RM2.54mil. Its share price ended -0.19% lower during the week under review. It said net money inflow amidst retreating share price may indicate a buy on weakness stance among some investors.
On the other side of the spectrum, Hap Seng Consolidated Bhd saw the largest net money outflow of -RM3.17mil last week. Its stock price lost -0.30%.
Hartalega Holdings Bhd recorded the second largest net money outflow at -RM2.26mil during the week under review. Its share price fell -0.64% for the week.
Sapura Energy Bhd registered the third largest net money outflow of -RM2.11mil in the review week. Its share price ended -5% lower during the week.
Limited time offer:
Just RM5 per month.
