Foreign investors pulled out RM523.8m last week | Malay Mail

KUALA LUMPUR, June 14 — Foreign investors pulled out RM523.8 million net of equities from the local market from Tuesday to Thursday, about half of the total RM1.15 billion net withdrawn in the preceding week.

“Nevertheless, foreign funds came into the local market at a tune of RM1.44 million net on Wednesday, snapping the 11-day selling spree on Bursa Malaysia,” he told Bernama. The risk-on sentiment was spurred on the same day amidst the Recovery Movement Control Order which took effect from June 10 until August 31.

Prime Minister Tan Sri Muhyiddin Yassin announced the RMCO to replace the Conditional Movement Control Order which began from May 4 until June 9.

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