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Foreign outflows from Malaysia stocks gain momentum

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Syndicated News
Written by Syndicated News

KUALA LUMPUR , June 14, 2018 (The Edge Market) : Foreign selling of Malaysia’s stocks accelerated in the past week as the nation’s benchmark equity index fell and the Malaysian ringgit weakened.

The 5-day moving average of net foreign outflows accelerated to $69.3 million, compared with the 20-day average outflows of $60.6 million, according to data from the Bursa Malaysia Bhd compiled by Bloomberg.
     
The FTSE Bursa Malaysia EMAS Index fell 0.4 percent over the past week and the ringgit lost 0.5 percent against the dollar to 3.9938.

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