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high quality apple developer account:Bursa sees reduced foreign selling

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Malaysia has the second highest foreign net outflow of RM16.74 billion year-to-date among ASEAN countries after Thailand. KUALA LUMPUR: International investors disposed of RM212.1 million net of local equities in the period of July 6 to July 9 (Monday-Thursday), down from the net outflow of RM339.4 million in the whole of last week.Bank Islam Malaysia Bhd economist Adam Mohamed Rahim said Bursa Malaysia started the week on a positive note as foreign funds made a modest return, acquiring RM79.9 million net of local equities on Monday and effectively snapping the 13-day selling spree.The FTSE Bursa Malaysia KLCI (FBM KLCI) settled 1.6 per cent higher at 1,576.90 points on the same day, the biggest one-day gain in more than a month."The rally in the FBM KLCI on Monday was in line with other regional bourses, which picked up steam as investors were anticipating a revival in global economic growth supported by the rebound in Chinese economic activity," Adam told Bernama.He said the tide reversed on Tuesday as foreign investors dumped RM289.7 million net of local stocks, the largest foreign net outflow on a single day since early June this year.The heavy foreign net selling on Tuesday coincided with FBM KLCI,

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