Foreign Selling On Bursa Slows Sharply As Investors Rotate Into Defensive Blue Chips, CIMB Securities

Foreign investors remained net sellers on Bursa Malaysia last week, although selling pressure eased significantly, signalling improving market sentiment amid continued rotation into defensive large-cap stocks, according to CIMB Securities.

In its latest fund flow report, the research house said foreign investors recorded net outflows of just RM0.7 million during the week of July 27 to 31, a sharp improvement from RM131.1 million in the previous comparable period. Year-to-date foreign net outflows now stand at RM2.86 billion.

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