Bursa sees reduced foreign selling

Malaysia has the second highest foreign net outflow of RM16.74 billion year-to-date among ASEAN countries after Thailand.

KUALA LUMPUR: International investors disposed of RM212.1 million net of local equities in the period of July 6 to July 9 (Monday-Thursday), down from the net outflow of RM339.4 million in the whole of last week.

Bank Islam Malaysia Bhd economist Adam Mohamed Rahim said Bursa Malaysia started the week on a positive note as foreign funds made a modest return, acquiring RM79.9 million net of local equities on Monday and effectively snapping the 13-day selling spree.