The amount represented the largest weekly outflow of foreign funds in eight weeks, according to MIDF research.
Coming out of the Chinese New Year holiday on Tuesday, offshore investors sold RM70.9mil net of locval equitiies while the ringgit led the decline in Asia against the greenback on concerns over the spread of the coronavirus.
MIDF noted that travel-related counters such as Malaysia Airports Holdings and AIRASIA Group lost ground to decline 6.7% and 3.8% on the same day.
On Wednesday, the foreign net selling increased to RM234.1mil as the number of people infected by the virus grew to about 6,000.
The selling continued on Thursday with RM104.2mil net of local equities sold.
While the US Federal Reserve expectedly left interest rates unchanged, sentiment was impacted when Fed chairman Jerome Powell expressed uncertainties over trade policy and the pandemic outbreak.
Bursa Malaysia experienced a fourth straight day of selling on Friday to the tune of RM250.5mil netafter WHO declared a global emergency.
At the close of trading for the week, the FBM KLC had slipped to 1,531.1 points, marking its lowest close in more than five years.
MIDF said international funds sold RM138.3mil net of local equities for the month of January, which was a smaller foreign net outflow than experienced in Thailand and the Philippines.
The average daily traded value (ADTV) of foreign investors surged 67.2% in the week despite comprising only four trading days while the ADTV breached RM1bil at RM1.13bil.
Stocks seeing the highest money outflows on Bursa were Top Glove, Tenaga Nasional and Sime Darby Plantation.
Meanwhile, the counters with leading money inflows were Maybank, Genting Malaysia and CIMB.
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