Foreign funds acquired RM141.2 million of local equity last week, says MIDF Research - News Summed Up

Foreign funds acquired RM141.2 million of local equity last week, says MIDF Research


KUALA LUMPUR (Mar 19): Foreign funds acquired RM141.2 million of Malaysian equity last week, after having disposed RM299.1 million the prior week, according to MIDF Amanah Investment Bank Bhd Research. “The FBM KLCI gained 0.15% to 1,864 points the next day with a smaller inflow of RM122.9 million. He explained that foreign selling further intensified on Friday as foreign funds withdrew RM227.5 million net ahead of the Fed’ monetary policy meeting this week. Adam said foreign average daily trade value (ADTV) increased by 46% to RM1.64 billion, marking its 11th week of staying above RM1 billion. He said retail participation rate remained vibrant too with its ADTV remaining above RM1 billion for the fourth consecutive week.


Source: The Edge Markets March 19, 2018 01:41 UTC


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