THERE are strong indications long-term foreign funds are already poised to return to the KLSE as both political and economic factors are favourable for their return, fund managers said as the KLSE Composite Index (CI) broke through the 750 barrier yesterday.
They said the news of Standard & Poor’s raising of Malaysia’s long-term foreign currency sovereign credit rating to A- from BBB+ provided the impetus for the CI’s 11-point gain to 759.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!