KUALA LUMPUR (Oct 21): Foreign investors acquired RM184.6 million of local equities last week on Bursa Malaysia, compared to disposing of RM276.6 million net in the week before, according to MIDF Amanah Investment Bank Bhd Research. In his weekly fund flow report today, MIDF Research’s Adam M Rahim said out of 42 weeks, Bursa has seen 14 weeks of foreign net buying in 2019. Adam said nevertheless, foreign funds bought RM187.1 million net of local equities on Wednesday, the highest during the week. Adam said the mood turned sombre on Friday as foreign investors sold RM78.3 million net following China’s slowest economic expansion in nearly three decades on weaker investments and factory output. “So far in October 2019, foreign funds [have] taken out RM790.4 million net of local equities from Bursa.

Source: The Edge Markets October 21, 2019 01:30 UTC