Foreign investors withdrew RM535.5m local equities last week

Foreign investors withdrew RM535.5 million net of local equities during the fourth week of 2021 compared to the RM288.4 million sold in the preceding week.

Bank Islam Malaysia Bhd economist Adam Mohamed Rahim said international investors started the week by disposing RM199.7 million net of local equities on Monday as investors feared the possibility of a slow vaccine rollout which may slow global economic recovery.

Likewise, the FBM KLCI index had a...