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Foreign funds step up selling on Bursa to net RM937.5mil
KUALA LUMPUR: Foreign funds accelerated their selling of equities on Bursa Malaysia to RM937.5mil last week against RM226.1mil in the preceding week, according to MIDF Research.
Stocks ebb after jobs data halts rally
NEW YORK: The dollar bounced off two-year lows and a gauge of global equity markets halted its march toward a record high on Friday, as better-than-expected U.S. jobs growth in July was tempered by the wrangles in Washington over a new stimulus bill.
Foreign selling extends to 24th week at slower pace
KUALA LUMPUR: Foreign funds selling of local equity extended to 24th straight week, but at a slower pace of RM226.1mil last week from RM910.2mil in the prior week, according to MIDF Research.
Thailand, Taiwan risk entering US watchlist for currency manipulation
BANGKOK: Thailand and Taiwan may be added to the US watchlist for currency manipulation after meeting all of the criteria set out by the Treasury Department, according to UBS Group AG.
A whisker away from erasing losses
PETALING JAYA: The FBM KLCI is hair’s breadth away from recouping the RM228bil in market capitalisation it lost from the start of the year, exacerbated by the Covid-19-induced rout.
Foreign funds reduce pace of selldown
KUALA LUMPUR: Foreign funds remained as net sellers for the 20th week running although at a slower pace, according to MIDF Research.
Surge in Covid-19 cases weighs on Bursa, Asian markets
KUALA LUMPUR: A surge in new Covid-19 infections forced key Asian markets to retreat further at midday on Monday, including Bursa Malaysia, which was also impacted by a downgrade in its outlook by S&P Global Ratings.
Foreign investors continue offloading activity, selling RM624.7mil last week
KUALA LUMPUR: Foreign funds continue to offload stocks listed on Bursa for the 19th consecutive week, according to MIDF Research.
Foreign funds offload RM600.7mil from Bursa for 18th straight week
KUALA LUMPUR: Foreign funds continued to reduce their exposure on stocks listed on Bursa for the 18th consecutive week, according to MIDF Research.
The week that was . . .
ABOUT 156,400 people, mostly workers in the manufacturing and services sectors, lost their jobs in April at the height of the novel coronavirus pandemic, according to the Statistics Department on Monday.April unemployment rate at 30-year high
