Foreign selling extends to third week

KUALA LUMPUR: Foreign funds continued to reduce their holdings in stocks listed on Bursa for the third week running albeit at a slower pace, according to MIDF Research.

“Based on data from Bursa, foreign investors took out RM187.2mil net of local equities last week compared to RM408.5mil net sold in the preceding week, ” the research house said in its weekly fund flow report.