Foreign funds net sellers?

Rakuten Trade says it was another disappointing day for the local bourse as the FBM KLCI ended in negative territory following a strong opening.

Foreign funds

“We reckon foreign funds may have been net sellers over the past 2 days after consecutive net inflows last week.

“As depicted by the low daily volume, market undertone remains cautious, but we believe accumulation on stocks to persists hence expect the index to hover within the 1,635-1,645 range today,”

    Read more Business News

    Staff Writer

    Recent Posts

    MGB: Secures Another Contract in Saudi Arabia

    This follows MGB’s first main contract in Kingdom of Saudi Arabia (KSA) (SAR400m) from Beetah…

    56 minutes ago

    Food Expo Malaysia 2026 Inaugurated in Kuala Lumpur

    The Food Expo Malaysia 2026 concluded successfully, highlighting food industry innovations and partnerships while emphasizing…

    4 hours ago

    Crewstone Invests In RM320.9 Million Landmark Mixed-Use Development In Penang

    Crewstone International commits RM10 million to support TGX, a mixed-use project in Penang, reflecting confidence…

    5 hours ago

    IMF Raises Malaysia’s GDP Forecast to 4.7% for 2026, Signals Strong Recovery

    The IMF has upgraded Malaysia's GDP growth forecast to 4.7% for 2026, driven by strong…

    5 hours ago

    Global Conflict Puts Oil Refineries on Edge as Supply Risks Rise

    Escalating geopolitical tensions threaten oil supply chains, raising refining costs and potentially impacting Malaysia's energy…

    5 hours ago

    Profit-Taking Caps KLCI as Global Optimism Persists

    KLCI dips on profit-taking despite positive breadth; global optimism persists on peace hopes, while investors…

    5 hours ago

    This website uses cookies.