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Foreign investors sold RM99.6 million Malaysian equity last week, says MIDF Research beritamalay3.blogspot.com

KUALA LUMPUR (June 19): Foreign investors succumbed to negative global sentiment and sold RM99.6 million of Malaysian equity in four days of trading on Bursa Malaysia last week, according to MIDF Research.

In its weekly fund flow report today, the MIDF Research Strategy Team said there was relatively heavy foreign selling on Friday of RM189.3 million, the highest in a day this year, after the Fed rate hike on Thursday and gains in U.S. treasury yields which boosted the U.S dollar.

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