Foreign selling shrinks to RM567.3mil

Bank Islam Malaysia Bhd economist Adam Mohamed Rahim told Bernama that in comparison with Asean peers, Malaysia recorded the second-highest foreign net outflow of RM18.27bil after Thailand on a year-to-date basis.

KUALA LUMPUR: International investors continued to dispose of local equities from Monday to Thursday last week but the value shrank to RM567.3mil from the RM906mil net disposed of between Monday and Friday in the preceding week.

Between July 20 and 23, local institutions recorded a net sell of RM6.9mil compared with a net buy of RM583.2mil for the whole of the previous week, while they disposed of RM234mil from July 20 to 23 against a net buy of RM378.7mil previously.