KUALA LUMPUR: There was a net outflow of foreign funds from stocks listed on Bursa Malaysia after six straight weeks of buying. A total of RM1.75 billion worth of local equities were withdrawn by foreign investors last week, representing 92 per cent of the RM1.92 billion inflows accumulated in the three weeks prior, according to MIDF Research. MIDF Research noted that that foreign funds were net sellers on all five trading days last week. It added that foreign participation remained vibrant as the foreign average daily trade value had stood at RM1.6 billion, marking its sixth week of being above the RM1 billion threshold. Strong foreign selling momentum had also paved the way for local fund managers to acquire RM1.8 billion net, a level not seen since November 2016.

Source: New Strait Times February 12, 2018 05:15 UTC