Foreign funds remain net sellers, offloaded RM447.7mil last week

An analyst told Bernama that the macro factors expected to affect the FTSE Bursa Malaysia KLCI next week, includes the Group of Seven(G7) meeting as investors search for clues on the trade outlook, as well as the timing of the next interest rate hike by the US Federal Reserve (Fed) which meets on June 12.

KUALA LUMPUR: Foreign funds remained net sellers on Bursa Malaysia for the fourth consecutive week, according to MIDF Research.

In his weekly fund flow report today, MIDF Research said foreign funds disposed RM447.7mil net of local equities, the largest in nine weeks.