KUALA LUMPUR, April 3 — Foreign funds returned to Bursa Malaysia last week after four consecutive weeks of net foreign outflows, with foreign net buying of RM11.5 million worth...
KUALA LUMPUR, April 3 — Foreign funds returned to Bursa Malaysia last week after four consecutive weeks of net foreign outflows, with foreign net buying of RM11.5 million worth of equities, said MIDF Amanah Investment Bank Bhd .
However, the sentiment improved from Tuesday onwards after the data released by the statistics department showed that the producer price index shrank by 0.8 per cent year-on-year in February 2023 against 1.3 per cent y-o-y growth in January 2023.“In addition, worries that stemmed from the bank turmoil in the United States and Europe seem to have eased, causing better sentiment,” it said.
“The highest outflow was recorded on Friday at RM37.3 million,” it said, adding that year-to-date, local institutions had net bought RM1.77 billion worth of equities.
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