Foreign funds extend buying spree


  • Business
  • Wednesday, 13 Jul 2005

IMPROVED sentiment, buoyed by falling crude oil prices and gains on Wall Street, prompted funds to continue their buying spree for the second consecutive day yesterday, dealers said. 

TA Securities head of research Chie K. Ngu noted that some foreign funds were buying into the market. “Volume has picked up and the market looks positive,” he said. 

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