Foreign fund withdrawals from Bursa tapering

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

KUALA LUMPUR: The momentum of foreign net outflows from Bursa tapered last week but extended the weekly foreign selling streak to nine weeks, according to MIDF Research.

“Based on data from Bursa, foreign funds sold RM54.4mil net of local equities last week, less than half of the amount disposed in the previous week,” MIDF said in its weekly fund flow report.