KUALA LUMPUR: International investors continued to reduce their exposure in stocks listed on Bursa for the sixth consecutive week but at a tapered pace, according to MIDF Research. “Based on preliminary data from Bursa which excluded off market deals, the net amount offloaded by foreign investors last week went below the RM1bil level to RM903.1mil net,” MIDF said in its weekly fund flow report. It noted that a total of RM104.2mil net of shares were sold by foreigners on Monday which was below the average amount of RM300mil net sold in the week before. Foreign participation remained healthy as the foreign average daily trade value (ADTV) remained above the RM1bil mark at RM1.64bil despite retreating from its all-time high achieved in the week before. The retail market and local funds saw buying activity extending to its fourth and sixth week respectively.

Source: The Star June 11, 2018 02:03 UTC