Foreign fund outflow hits RM25bil

KUALA LUMPUR: The outflow of foreign funds continued as offshore investors were net sellers of RM178.8mil in equities on Bursa Malaysia over the previous week, bringing year-to-date net selling to RM25bil.

MIDF Research said in its weekly fund flow report that foreign investors turned net buyers on Wednesday and Thursday after the passing of Budget 2021 at its third reading but were quick to take profit on Friday.