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KUALA LUMPUR: Foreign funds acquired RM25.5mil net of local equities last week, bringing the nine-weeks of foreign net selling to an end.
KUALA LUMPUR (Jan 14): Foreign funds mopped up RM25.5 million net of local equities last week, compared to disposing of RM54.4 million the prior week, according to MIDF Amanah Investment Bank Bhd Research. In his weeky fund flow report today, MIDF Research’s Adam M Rahim said Monday recorded a foreign net outflow of RM86.3 million, the highest in nine trading days while the local bourse gained 0.56% to close at 1,679 points. He said the level of foreign net selling slightly eased on the next day to RM75.9 million.
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