Mobius: Pent-up demand from local funds to support Malaysian market

KUALA LUMPUR: Pent-up demand from local investors and institutions will provide support to the stock market despite the decline in overall foreign participation, says Mark Mobius.

“Yes, the percentage of the foreign participation at Bursa Malaysia as a totality has come down but the actual (nett) amount has gone up. The market has expanded but the amount taken by locals have been greater than foreign investors,” said the renown fund manager at Franklin Templeton Investments.