MIDF Research: Foreign fund inflows continued for sixth consecutive week

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MIDF Research: Foreign fund inflows continued for sixth consecutive week
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KUALA LUMPUR, Aug 29 — Bursa Malaysia continued to see foreign fund inflows for the sixth consecutive week for the week ended Aug 26, although at a much more moderated pace, with...

KUALA LUMPUR, Aug 29 — Bursa Malaysia continued to see foreign fund inflows for the sixth consecutive week for the week ended Aug 26, although at a much more moderated pace, with an inflow of RM355.1 million compared with the net inflow of RM615.5 million in the previous week, said MIDF Research.

“Foreign investors were net buyers on Monday and Tuesday , and on Thursday and Friday , respectively,” it said in a note. “They have been net sellers for every trading day since Aug 3 before briefly turning into net buyers on Wednesday at RM24.3 million. They were net sellers on Monday , Tuesday , Thursday and Friday ,” it added.

“They bought RM128.6 million net from Monday to Wednesday before net selling RM87 million over the next two days,” MIDF said.

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