Exodus of foreign funds continues on Bursa Malaysia

KUALA LUMPUR: There was an exodus of foreign funds from Bursa last week, marking the fourth uninterrupted week of foreign net selling, according to MIDF Research.

“Based on data from Bursa, foreign investors sold RM1.04bil net of local equities last week, the largest weekly foreign net outflow in 12 weeks,” the research house said in its weekly fund flow report.