Foreign investors sell RM477.5mil local equities in final week of February

Bank Islam Malaysia Bhd economist Adam Mohamed Rahim said Bursa Malaysia had a rough start to the week as international investors sold RM255.5mil net of local equities on Monday as rubber glove counters became the major casualties.

KUALA LUMPUR: Foreign investors disposed of RM477.5mil net of local equities during the final week of February 2021 compared to the RM466.4mil disposed of in the preceding week.

For the month of February, foreign investors sold RM866.9mil net of local equities, marking the 20th consecutive month of foreign net selling.