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Overseas investors sold net 780.5m ringgit of stocks in week ended Dec. 2, according to note released Monday from MIDF Amanah Investment.
- Outflows “pace seems to have slowed down in the prior week, nonetheless the foreign attrition out of Malaysian equity has spiked up again last week,” writes MIDF
- Longest weekly losing streak since 10-week selling streak ended July 8
- YTD outflows at 2.5b ringgit, compares with 19.5b ringgit net outflows in 2015, MIDF says
- Tenaga, Fraser & Neave, Maybank see biggest inflows; Public Bank, IHH Healthcare, Petronas Chemicals record highest outflows
- Foreign Funds Sold Malaysia Stocks for Fifth Straight Week: MIDF
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