KUALA LUMPUR: Foreign investors extended a four-week streak of net selling across several Asian markets, with net outflows totalling US$16.8bil, according to MBSB Investment Bank Bhd.
Vietnam was the only country to receive net foreign inflows, while net selling was led by Taiwan, MBSB said in its fund flow report for the week ended March 13.
On Bursa Malaysia, foreign investors reverted to net selling after the previous week of net buying, recording RM725.6mil in net foreign outflows.
Foreign investors were net sellers on all five trading days during the week, with the largest outflow recorded last Friday. The top three sectors that recorded net foreign inflows were plantation, transportation and logistics, and real estate investment trusts. Outflows were concentrated in financial services, telecommunications and media as well as property.
It also said Taiwan extended its net foreign selling streak to two weeks, recording US$6.99bil in outflows.
