KUALA LUMPUR, Aug 30 — Foreign investors remained net buyers of local equities on Bursa Malaysia last week, with fund inflows rising to RM964.2 million compared to RM6.6 million in the previous week. Bank Islam Malaysia Bhd economist Adam Mohamed Rahim said investors began the week as net buyers...
KUALA LUMPUR, Aug 30 — Foreign investors remained net buyers of local equities on Bursa Malaysia last week, with fund inflows rising to RM964.2 million compared to RM6.6 million in the previous week.
“On further scrutiny, perhaps Malaysia’s new prime minister which was sworn in during the Saturday of the previous week might have instilled investors’ confidence towards the country’s leadership,” he told Bernama. “The appointment of the new prime minister has contributed to more stable political development in the local market, attracting foreign investors to make a comeback.
Meanwhile, other countries such as China have also been exhibiting encouraging prospects in terms of handling Covid-19 as no cases of locally transmitted infections were recorded in the latest data.
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