PETALING JAYA: MIDF Research says offshore investors have remained as net sellers for a fifth week running but at a measurable pace.
Bursa started the week with a foreign net outflow of RM95.2 million on Monday while the local bourse was little changed at 1,622 points. The foreign net outflow occurred despite gains seen in the KL Construction Index following the reinstatement of the Bandar Malaysia project announced on Friday in the preceding week.
International investors have so far disposed RM1.21 billion worth of equities this month, bringing the year-to-date foreign net outflow to RM2.56 billion. Genting Malaysia Bhd saw the third highest net money inflow of RM8.23 million. Its share price dropped 0.62% for the week, underperforming the benchmark which was 1.01% higher.
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