![\"foreign\"](\"https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/06\/0cb345b30a8c2c682917e74ce674e05b5e980f7d7da05-1024x539.jpg\")
<\/figure><\/div>\n\n\n\nMeanwhile, net buys by local institutions rose\u00a0to\u00a0RM370.75 million with an average participation of 48.02 percent from RM177.98 million in the previous week.<\/p>\n\n\n\n
Mohd Afzanizam said foreign net selling took a slight breather at the beginning of the week as offshore funds only offloaded RM12.7 million net of local equities on Monday.<\/p>\n\n\n\n
\u201cThe slowdown in selling activity coincided with the FBM KLCI\u2019s 0.5 percent\u00a0rebound on the same day, amidst renewed interest in glove and healthcare counters,\u201d\u00a0he told Bernama.<\/p>\n\n\n\n
However, foreign net selling rose to RM79.2 million on Tuesday, bringing total foreign net outflow in June 2020 to RM2.98 billion.<\/p>\n\n\n\n
Mohd Afzanizam said July had started on a sluggish note as international funds upped the ante in selling activity on Wednesday, disposing of RM142.1 million net of local equities, the highest for the week.<\/p>\n\n\n\n
Nevertheless, he said local institutions were actively buying local equities to the tune of RM180.9 million on the same day, following the jump in Malaysia\u2019s manufacturing Purchasing Managers’ Index (PMI), which rose to 51 in June — the highest level since September 2018 — from 45.6 in May. <\/p>\n\n\n\n
On Thursday, foreign net selling inched lower to RM97.0 million, extending the selling streak to 12 consecutive days.<\/p>\n\n\n\n
\u201cThe upbeat sentiment on Thursday — which capped foreign net outflows — was spurred by hopes stemming from the positive trial result of Pfizer and BioNTech\u2019s coronavirus vaccine candidate,\u201d Mohd Afzanizam said.<\/p>\n\n\n\n
He said compared to ASEAN peers — namely Thailand, Indonesia and the Philippines — Malaysia has the second-highest foreign net outflow at RM16.52 billion after Thailand on a year-to-date basis.<\/p>\n\n\n\n
— BERNAMA<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" KUALA LUMPUR, July 5 — Foreign investors continued to remain as net sellers this week, however,…<\/p>\n","protected":false},"author":1,"featured_media":4259,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17,524],"tags":[],"class_list":["post-4888","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-nation"],"featured_image_urls":{"full":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/06\/0cb345b30a8c2c682917e74ce674e05b5e980f7d7da05.jpg",1093,575,false],"thumbnail":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/06\/0cb345b30a8c2c682917e74ce674e05b5e980f7d7da05-150x150.jpg",150,150,true],"medium":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/06\/0cb345b30a8c2c682917e74ce674e05b5e980f7d7da05-300x158.jpg",300,158,true],"medium_large":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/06\/0cb345b30a8c2c682917e74ce674e05b5e980f7d7da05-768x404.jpg",640,337,true],"large":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/06\/0cb345b30a8c2c682917e74ce674e05b5e980f7d7da05-1024x539.jpg",640,337,true],"1536x1536":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/06\/0cb345b30a8c2c682917e74ce674e05b5e980f7d7da05.jpg",1093,575,false],"2048x2048":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/06\/0cb345b30a8c2c682917e74ce674e05b5e980f7d7da05.jpg",1093,575,false],"newsium-slider-full":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/06\/0cb345b30a8c2c682917e74ce674e05b5e980f7d7da05.jpg",1093,575,false],"newsium-featured":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/06\/0cb345b30a8c2c682917e74ce674e05b5e980f7d7da05.jpg",1024,539,false],"newsium-medium":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/06\/0cb345b30a8c2c682917e74ce674e05b5e980f7d7da05.jpg",720,379,false]},"author_info":{"info":["Editor"]},"category_info":"Economy<\/a> Nation<\/a>","tag_info":"Nation","comment_count":"0","_links":{"self":[{"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/posts\/4888","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4888"}],"version-history":[{"count":1,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/posts\/4888\/revisions"}],"predecessor-version":[{"id":4889,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/posts\/4888\/revisions\/4889"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/media\/4259"}],"wp:attachment":[{"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4888"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4888"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4888"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}