Foreign outflow on Bursa continues to tune of RM348.36mil

KUALA LUMPUR: The foreign outflow from Bursa Malaysia continued for a fourth consecutive week with net selling of RM348.36mil, which compares to net sales of RM383.76mil in the preceding week.

According to MIDF Research data, the extended selling by foreigners came despite a rebound in the FBM KLCI last week, which rose 0.88% week-on-week after nine consecutive weeks of decline and breached the 1,500 psychological level.