Foreign funds withdrawn a total of RM6.82 billion from our local stock market in the first six months.
According to MIDF Research, for the month of june, the amount of net outflows from Malaysia reached RM4.93 billion.
Its bring the 1H18 cumulative outflow in 2018 to RM6.82 billion net, offsetting more than half of last year’s total net inflow of RM10.33 billion.
MIDF said, despite foreign selling activity slowing down to a tune of RM206.1 million net later on Thurday, the FBM KLCI dropped further to 1,665.68 points, the lowest close since January 2017.
This was mainly due to the slump in Wall Street overnight spurred by the comments by Presiden Trump’s economic adviser, Larry Kudlow on the U.S’s hard line on trade in spite of President Trump’s softer stance.