Malaysia gets shot in the arm from foreign investments

Foreign buying: An upturn in sentiment globally has prompted investors to snap up Malaysian assets in search of bargains. This was reflected not only in the FBM KLCI’s rise recently, but also in the currency and fixed-income markets.

PETALING JAYA: The resurgence in asset purchases has driven up Malaysia’s external reserves and supported the FTSE Bursa Malaysia KL Composite Index’s (FBM KLCI) rally over the past two months, although the value of inflows is starting to recede, according to analysts.

An upturn in sentiment globally has prompted investors to snap up Malaysian assets in search of bargains. This was reflected not only in the FBM KLCI’s rise recently, but also in the currency and fixed-income markets.