Foreign selling extends to 4th week at slower pace

KUALA LUMPUR: Foreign funds selling of local equity extended to fourth straight week, but at a slower pace of RM173.93mil last week from RM323.98mil in the prior week, said MIDF Research.

As the market reopened last Monday, foreign investors sold RM96.60mil net of local equities, with retailers and local institutions as net buyers to the tune of RM59.10mil and RM37.50mil, respectively.