FOREIGN investors reversed their position to net selling after a four-week buying streak that saw cumulative inflows of RM3.29 billion.
The week ended with a net foreign outflow of RM392.3 million, bringing the year-to-date (YTD) net foreign outflow to RM9.8 billion.
The past four weeks marked the only period of foreign inflows for the year, according to MIDF Research’s fund flow report for the week ended May 23 May.
Public Bank Bhd, Eco-Shop Marketing Bhd, YTL Corp Bhd and Petronas Chemicals Group Bhd were among the counters that topped the net sold counters for foreign investors.
Eco-Shop Marketing, which made a strong debut on Bursa Malaysia’s Main Market on Friday (May 23), also topped the net outflow list for local retailers. –TMR
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