Friday 29 Mar 2024
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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

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