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christine123

Foreign funds return to Bursa Malaysia, but marginal.

By christine123, in Stocks

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christine123    0

christine123
Posted

Foreign investors made a decent return to Bursa after nine uninterrupted weeks of foreign net selling. Based on data from Bursa, foreign funds mopped up RM48.8mil net of local equities last week, the second lowest foreign net inflow thus far for the year. 
If we would see, Bursa started the week off on a rather sombre mood as offshore investors sold RM85.7mil net of local equities. 
Whereas, Foreign investors acquired another RM284.9mil net of local equities on Friday despite escalated trade tensions between the US and Mexico. 
The FBM KLCI followed suit to rise 0.9% to 1,651 points, a level not seen since late March 2019.

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