Financial Digest

Foreign funds continue net selling of Malaysian stocks for sixth week

  • 📰 staronline
  • ⏱ Reading Time:
  • 31 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 30%
  • Publisher: 75%

Markets News

MIDF,Bursa Malaysia,Fund Flow

PARIS (Reuters) - Paris-based Butler Industries is joining a consortium to rescue distressed IT consulting firm Atos, the company's leading shareholder Onepoint said on Sunday in a statement.

KUALA LUMPUR: The net outflow of foreign funds from Bursa Malaysia continued into its sixth week with RM336.mil net sales, its longest selling streak since a 12-week sell-off in mid-2023.

Risk appetite for equities fell over the past week as US March jobs data showed more worker hires and growing wages, suggesting the world's largest economy remained in rude health and further weakening the case for interest rate cuts.

Local institutions, however, continued to pick up Malaysian equities for a sixth straight week with a net purchase of RM557.4mil.MIDF said the average daily trading volume declined across all investor classes last week. "Foreign investors saw a dip of –15.7% while retail and institutional investors saw declines of –0.5% and –1.8% respectively," it said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Foreign minister: Malaysian envoys urged to be savvy on investment, tradeSEREMBAN, March 28 — Foreign Minister Datuk Seri Mohamad Hasan wants Malaysian ambassadors and High Commissioners to be knowledgeable on trade aspects to attract investment into...
Source: malaymail - 🏆 1. / 86 Read more »