Foreign outflows from Malaysia stocks gain momentum

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KUALA LUMPUR (March 8): Foreign selling of Malaysia's stocks accelerated in the past week as the nation's benchmark equity index fell and the Malaysian ringgit strengthened.

The 5-day moving average of net foreign outflows accelerated to $11.1 million, compared with the 20-day average outflows of $5.46 million, according to data from the Bursa Malaysia Bhd. compiled by Bloomberg.

The FTSE Bursa Malaysia EMAS Index fell 2.2 percent over the past week and the ringgit gained 0.3 percent against the dollar to 3.9048.