The figures may have risen higher this month as banking stocks rallied over the past three weeks. “Foreign shareholding of CIMB’s stock rose to 26.5% as of the end of February from 25.8% in December. This was similar in trend to Malayan Banking Bhd’s (Maybank) foreign shareholding which increased to 16.6% from 15.8% over the same period,” it said. Since then, foreign shareholding in banking stocks has dropped to multi-year lows as foreign investors redirected their capital towards other banks in the emerging markets. Public Bank Bhd has seen a consistent increase in foreign ownership over the same period.

Source: The Star March 21, 2017 23:37 UTC