Kuala Lumpur (VNA) – Foreign investors pulled out a total of 5.3billion ringgits (1.46 billion USD) from the Malaysian stock market (BursaMalaysia) in May.
In its weekly fund flow report, MIDF Research said this is the highest monthlyoutflow so far this year.
Malaysian equities experienced the fifth week of foreign selling, the longestselling binge recorded so far this year, according to the report.
"With foreign selling on every single day of the week, the selling streakhas extended to 19 days, the longest since the 21-day binge in May to June2015, said the report.
The heavy selloff was also in conformity with other Asian peers amid thepolitical upheaval in Italy and Spain.
However, the year-to-date foreign outflow from Malaysia stood at 2.12 billion or530.7 million USD, which was still the lowest among the four ASEAN markets thatthe research house tracked, said MIDF.-VNA
VNA