KUALA LUMPUR (May 22): Foreign investors sold net $31.5m of Malaysian shares on Monday, turning the nation’s foreign stock flows negative for the first time this year, according to data from Bursa Malaysia, extending a selloff after Mahathir Mohamad’s surprise election win.
* Monday’s outflow is the 11th straight day of net foreign withdrawals from Malaysian stocks, the longest losing streak since 12-days of outflows that ended Dec. 7, 2016
* YTD flows have turned to -$21.2m from inflows of as much as $938m recorded on April 30