Foreign equity outflows dissipating

Companies that provide short-term consumer loans at high interest rates are on the increase in countries like Indonesia and the Philippines as many people struggle to get advances through traditional channels such as banks.

KUALA LUMPUR: Foreign outflows in the local equities market remain contained and have been gradually dissipating, according to an analyst.

MIDF Amanah Investment Bank Bhd analyst Adam Mohamed Rahim said net foreign selling range remained well below RM200mil from the week starting July 2 until July 13, except for July 6 which saw a high net outflow of RM393.6mil, attributable to the US tariffs imposition on Chinese imports.