Foreign buying on Bursa Malaysia picks up steam

KUALA LUMPUR: Despite the festive week, offshore funds continued scooping up stocks listed on Bursa for the second week at a stronger pace, according to MIDF Research.

“Based on data from Bursa, foreign funds mopped up RM350mil net of local equities last week, seven times more compared to the amount acquired in the week before,” the research house said in its weekly fund flow report.