Foreign fund inflow into Bursa at nearly RM34m


  • Business
  • Wednesday, 15 Apr 2015

KUALA LUMPUR: Foreign fund net inflow into Bursa Malaysia was RM33.9mil on Tuesday while local institutions and retail investors continued to take profit, according to BIMB Securities Research.

Local institutions were net sellers at -RM10.9mil and retail investors at -RM23mil, it said in its market report on Wednesday.

The FBM KLCI closed the day 2.47 points lower at 1,839.61 on Tuesday despite the presence of foreign buying, it said.

“We anticipate the local bourse to be flattish today with the lack of fresh catalysts,” it added.

On Wall Street, BIMB Research said investors were bracing for a less than exciting 1Q2015 earnings results and remained on the sidelines ahead of some headwinds. The DJI Average closed 59.66 points higher at 18,036.70. In Europe, stocks were mostly weaker on renewed worries over Greece’s ongoing negotiations on its debts.

Asian markets ended the day on a mixed note as major markets in the South East Asia region except for Singapore all closed at negative territory on signs of some profit takings from the foreign funds.
Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!
   

Next In Business News

Nasdaq jumps 2% at open as Treasury yields ease
Bursa Malaysia Securities strike off two dealer’s representatives for violations of rules
SC grants Equitiestracker’s unit fund management licence
Hibiscus Petroleum to undertake capital reduction, share buyback
Ringgit higher against US dollar at close
The Coffee Bean and Tea Leaf eyes to open 140 outlets by year-end
LYC completes acquisition of aesthetic & beauty, dental clinics
Public tranche of Sunview IPO oversubscribed by 63.19 times
MSM appoints Mohd Nazrul Izam Mansor as director
Econpile wins RM24.6mil contract from Berjaya Construction

Others Also Read