Tuesday July 10, 2012
Significan flow of foreign funds into local stocks last week
KUALA LUMPUR: There was significant foreign inflow to the local bourse last week, with a cumulative RM6.7bil net inflow of foreign funds to Malaysia for the year up to last Friday, a research house said.
MIDF Amanah Investment Bank Bhd said the increased foreign funds reflected improved optimism by foreign investors in the region, particularly Malaysia.
“It was much higher compared with only RM1.9bil for the entire 2011. Since January 2010, cumulative net purchase of Bursa-listed shares by foreigners totalled RM23.9 billion,” it said in its Fund Flow Report. - Bernama