MIDF says most of the indices it tracked closed in the red last week, with 13 out of 20 registering declines. The top three performers were South Korea’s KOSPI (+3.02%), France’s CAC 40 (+2.04%), and Germany’s DAX 40 (+1.55%).
On the other hand, the worst performers were Hong Kong’s Hang Seng (-3.52%), the U.S. Nasdaq (-2.34%) and India’s Sensex (-2.33%).
Weekly fund flow
Foreign investors continued to sell off Asian equities for the second consecutive week, recording a net outflow of -USD1.71b, slightly narrower than the -USD1.94b net sold in the previous week. Among the seven markets monitored, South Korea was the only country to record a net inflow.
Foreign investors extended their relentless selling streak on Bursa Malaysia, marking the twelfth consecutive week of net outflows amounting to -RM502.2m.
Ringgit
The Ringgit appreciated against the US dollar on Friday by +0.06%, closing at RM4.4975. Meanwhile, the price of Brent crude oil grew +4.25% to USD79.76 per barrel, while the crude palm oil price rose +0.53% to RM4,391.00 per tonne.
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