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Sign of recession: Foreign fund outflow reaches “accelerated pace” on Bursa

Focus Malaysia LogoFocus Malaysia1 mo ago

Sign of recession: Foreign fund outflow reaches “accelerated pace” on Bursa

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IT WAS a continuation week of heavy outflow from Bursa Malaysia as foreign investors recorded a net outflow of -RM511.51 mil of Malaysian equities during the week ended June 17, accelerating from the previous week of -RM436.91 mil.

In terms of sectors, financial services, industrial products and services, and utilities saw the highest net outflow by foreigners amounting to -RM141.6 mil, -RM105.7 mil and -RM83.9 mil.

Their strongest net buying day was Wednesday (June 15) and Monday (June 13) to the tune of RM63.89 mil and RM63.31 mil respectively.


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Article Details

Author / Journalist: Cheah Chor Sooi

Category: InvestingMarkets

Topics: Markets Top

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-20, 06:40:59

News Timezone: GMT +8:00

News Source URL: focusmalaysia.my

Language: English

Reading Time: 3 minutes read

Article Length: 472 words

Coverage Area: Malaysia

Availability: Desktop Web, Mobile Web

News ID: 1233

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About Focus Malaysia

Focus Malaysia Logo

Main Topics: InvestingMarkets

Official Website: focusmalaysia.my

Update Frequency: 19 posts per day

Year Established: 2012

Headquarters: Malaysia

News Last Updated: 8h ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #16

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