KUALA LUMPUR: Despite the selling pressure seen on Bursa Malaysia over the past week, foreign investors were net buyers on the domestic market to the tune of RM11.35mil in equities.

       According to MIDF Research data, the positive performance bucked the regional trend as Bursa Malaysia’s peer markets experienced sharp net selling.

       “Based on the provisional aggregate data for the seven Asian exchanges that we track, investors classified as ‘foreign’ sold US$4.87bil (RM20.38bil) net last week, compared with US$2.10bil (RM8.79bil) in the preceding week,” said the research firm in its fund flow report.

       The positive foreign inflow on Bursa, however, was significantly less than the net inflow of RM397.85mil recorded in the previous week.

       Foreign funds were net sellers on Bursa last Monday and Wednesday but turned net buyers on Thursday and Friday. The stock exchange was closed last Tuesday due to the Thaipusam public holiday.