Bursa draws biggest weekly foreign inflow in 22 weeks

Buying interest: An investor walks in front of private stock trading boards at a private stock market gallery in Kuala Lumpur. International funds acquired RM514.8mil net of local equities last week, the largest weekly foreign net inflow recorded in 22 weeks, according to MIDF. — AP

KUALA LUMPUR: Foreign funds upped the ante on Bursa Malaysia during the four-day trading period last week, with net buying surging to RM514.8mil, according to MIDF Research.

“Based on preliminary data from Bursa which excluded off-market deals, international funds acquired RM514.8mil net of local equities last week, the largest weekly foreign net inflow recorded in 22 weeks.