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 as net sellers for the fifth week running albeit at a measurable pace, according to MIDF Research.
“Based on data from Bursa, foreign funds sold RM72mil net of local equities last week. This is the lowest weekly foreign net outflow in 16 weeks,” it said in its weekly fund flow report.
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