According to MIDF Research’s weekly fund flow report, international investors dumped RM297.1 million net of Malaysian equities last week, the highest weekly attrition recorded in seven weeks. A bout of acquisition then took place on Tuesday where foreign investors bought RM181.3 million net, the highest net inflow in a day in almost five months. It said foreign selling still occurred on the same day but on a reduced level below RM100 million net. “By virtue of the intense foreign selling last week, the cumulative year-to-date infl ow has substantially decreased to RM9 billion from RM9.31 billion in the week before. Among the top net money inflows last week are CIMB Group Holdings Bhd, which saw net money inflow of RM12.11 million, Genting Plantations Bhd, which recorded the second highest net money inflow of RM5.91 million, and Heineken Malaysia Bhd, which saw a net inflow of RM4.07 million.

Source: New Strait Times November 20, 2017 02:15 UTC