Foreign funds boost Bursa outlook - News Summed Up

Foreign funds boost Bursa outlook


KUALA LUMPUR: Bursa Malaysia seems to be expecting greater liquidity and vibrancy as foreign fund flows have turned steady of late, said analysts. Inter-Pacific Securities Sdn Bhd research head Pong Teng Siew said stock market liquidity is gradually improving, supported by foreign funds. “Some foreign funds are flowing in as we stem our outward investment flows,” he told Business Times yesterday. This was partially reflected by the Employees Provident Fund’s (EPF) recent move to borrow in a major currency to fund its investment abroad. Bursa Malaysia yesterday fell flat as investors took profit after the benchmark FTSE Bursa Malaysia KLCI rose 7.78 points on Monday.


Source: New Strait Times October 26, 2016 03:11 UTC



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