KUALA LUMPUR: Foreign investors continued to withdraw from Bursa Malaysia with the amount of outflow almost doubling to RM700.2 million from Monday to Thursday last week from RM422.2 million registered in the same period a week earlier.
However, further selling was capped by net buying by local institutions of RM687.1 million , with the average participation at 46.65% . Meanwhile, the ringgit performance over the week was mainly influenced by the increasing oil price as well as the ongoing US-China trade talks.
Outflow of the dumb money is excellent for Value Investors bursamalausia
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