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Financial Stocks Continue To See Most FPI Outflows In February Despite Valuation Cuts

During the month, foreign institutional investors offloaded a total of $3.9 billion, adding to the total selloff of $15.3 billion so far this year.

<div class="paragraphs"><p> Financial services stocks saw an outflow of $803 million from foreign institutional investors in February. (Photo source: Envato)</p></div>
Financial services stocks saw an outflow of $803 million from foreign institutional investors in February. (Photo source: Envato)
Financial stocks once again topped monthly outflows as global funds continued to offload, despite the counters having the cheapest valuations amid the ongoing correction. Financial services stocks saw an outflow of $803 million from foreign institutional investors in February, while the fast-moving consumer goods companies followed suit with $793 million worth selloff, according to data from National Securities Depository Ltd.In Janu...
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