Outflow continues, KLCI under pressure


Modified 9 Aug 2020, 3:21 am

The volatile trading throughout the week - driven by the US-China trade war, declining global banks’ performance, as well as the steady increase in Covid-19 cases globally - has led to the 25th consecutive week of net foreign selling in the local equity market.

On a Thursday-to-Thursday comparison, the net outflow surged to RM852.13 million compared with last week’s outflow of RM226.1 million.

The market was closed last Friday, on July 31, in conjunction with Hari Raya Aidiladha.

Retail investors disposed of RM561.1 million worth of shares during the week, while institutional holders...

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