Foreign ownership of banks remains high

UOBKH Research said that foreign shareholding in the banking sector remains high at 24.2%.

PETALING JAYA: Foreign shareholding in listed Malaysian banks is nearly at a five-year peak, even as foreign funds remain as net sellers of local equities for 21 straight weeks.

However, the elevated foreign ownership may be a near-term downside risk, amid uncertainties surrounding a potential global slowdown due to US president Donald Trump’s trade policies.