KUALA LUMPUR: Bursa Malaysia saw the first foreign outflow last week after four successive weeks of inflow, in conformity with global fund outflows from Asian market, MIDF Research said. Based on preliminary data from Bursa which excluded off market trades, MIDF Research said the net amount sold by foreign investors was recorded at RM38.2 million last week. MIDF Research said Tenaga Nasional Bhd registered the highest net money inflow of RM28.69 million last week, followed by IOI Corp Bhd and Nestle (Malaysia) Bhd. The research firm said net money inflow amid retreating share price may indicate a buy on weakness stance among some investors. United Plantation, on the other hand, saw the largest net money outflow of RM12.73 million last week.

Source: New Strait Times December 26, 2017 05:48 UTC