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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.
KUALA LUMPUR: Foreign fund selling of Malaysian equities continued for the eight straight trading day on Wednesday, pushing total net outflow to almost RM680mil, says BIMB Securities Research.
KUALA LUMPUR: BIMB Securities Research expects foreign selling to trickle down going forward and Tuesday’s net outflow of RM20.4mil may already be an apparent indication.
It’s probably from proprietary trading desks in investment banks
THE safe-haven dollar, pared losses during the week, closing lower by 0.21% at 96.73.
KUALA LUMPUR: Offshore funds sold down Malaysian equities for the second straight week with a total net outflow of RM499.25mil, contributing to the slump in the local market over the past week.
While the political drama in the country is the most talked-about topic now, it’s time to turn our attention back to money matters. Our livelihood depends on it.
PETALING JAYA: The fallout from Greece’s possible exit from the European Union following its debt crisis is unlikely to have a contagion effect on the Malaysian economy for now. But the concern is more on Fitch’s credit rating of Malaysia that could impact the ringgit, which is seeing minimal effects from the Greece problem.