Foreigners pull out 1.46 bln USD from Malaysia’s securities in May

 Foreign investors pulled out a total of 5.3 billion ringgits (1.46 billion USD) from the Malaysian stock market (Bursa Malaysia) in May.

Foreigners pull out 1.46 bln USD from Malaysia’s securities in May

In its weekly fund flow report, MIDF Research said this is the highest monthly outflow so far this year. 

Malaysian equities experienced the fifth week of foreign selling, the longest selling binge recorded so far this year, according to the report.

"With foreign selling on every single day of the week, the selling streak has extended to 19 days, the longest since the 21-day binge in May to June 2015, said the report.

The heavy selloff was also in conformity with other Asian peers amid the political upheaval in Italy and Spain.

However, the year-to-date foreign outflow from Malaysia stood at 2.12 billion or 530.7 million USD, which was still the lowest among the four ASEAN markets that the research house tracked, said MIDF.-VNA

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