Foreign funds continue buying on Bursa but at slower pace

Good impact: Gains made on Bursa Malaysia yesterday were due to the positive sentiment in Asian markets and the rise in US stock futures after the US and China agreed not to impose more tariffs on each other

KUALA LUMPUR: Global funds have been entering Bursa for the sixth uninterrupted week albeit at a slower pace following the holiday shortened week, according to MIDF Research.

Based on preliminary data from Bursa which excluded off market deals, international investors acquired RM344.6mil net of local equities last week, less than half of the RM872.6mil net acquired in the preceding week.