Foreign funds net buyers, RM90.2m net inflow into Malaysian equities
Bank Negara Malaysia is expected to unveil its 2018 annual report on March 27. — AFP pic
“It is somewhat unclear why foreign institutional funds have been gradually accumulating Malaysian equities as the decline in the FBM KLCI was pretty much the outlier as opposed to regional indices,” he told Bernama. “Perhaps, values have emerged which would entice foreign institutional investors to buy Malaysian shares,” he said.
“When they stop increasing rates, this will strengthen the currencies of emerging markets. We are already seeing the ringgit appreciating.On Friday, the ringgit ended at 4.0600/0650 against the US dollar compared with 4.0890/0940 recorded last Friday while the benchmark FTSE Bursa Malaysia KLCI closed at 1,666.66 compared with 1,680.54 last week.
Among major developments hogging the highlights during the week was the 15th edition of Invest Malaysia, a capital market forum co-organised by Bursa Malaysia Bhd and Malayan Banking Bhd On the corporate front, Finance Minister Lim Guan Eng urged banks to be more flexible in lending, amid complaints about stringent access to lending to local investors.
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