Bursa Malaysia: International investors back in selling mode last week | Malay Mail

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KUALA LUMPUR, Aug 23 — International investors were back in selling mode, disposing of RM151.1 million net of local equities from Monday to Wednesday, after the market rebounded to record a net foreign buying last week, after the 25th consecutive week of net foreign selling. The market was closed...

Sunday, 23 Aug 2020 11:14 AM MYT

For the holiday-shortened week from Aug 17-19, local institutions recorded a net buy of RM216.6 million compared with a net sell of RM920.0 million for the whole of the previous week. “Risk-on appetite was mainly fuelled by the liquidity measures announced by China. The People’s Bank of China added US$101.0 billion of one-year funding via the medium-term lending facility to support banks amid intensifying liquidity stress and keeping a fragile economic recovery on track,” he said.

Adam said the pace at which international funds were selling local equities accelerated to RM180.3 million net on Wednesday as foreign investors cashed in gains ahead of the public holiday on Thursday. “The local bourse followed suit to settle 0.2 per cent lower at 1,575.4 points on the same day,” he noted.

 

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