Foreign funds snap two-week buying streak on Bursa

KUALA LUMPUR: Foreign funds turned net sellers on Bursa Malaysia last week after they offloaded RM101.07mil net of local equities, against a net inflow of RM240.71mil in the preceding week, according to MIDF Research.

“This broke a two-week streak of net buying. As the market reopened last Monday, foreign investors bought RM26.11mil net of local equities, with retailers and local institutions as net buyer and net seller to the tune of RM142.02mil and RM168.17mil respectively,” MIDF said in its weekly fund flow report.