Bursa records second lowest foreign inflows

An analyst told Bernama that the macro factors expected to affect the FTSE Bursa Malaysia KLCI next week, includes the Group of Seven(G7) meeting as investors search for clues on the trade outlook, as well as the timing of the next interest rate hike by the US Federal Reserve (Fed) which meets on June 12.

PETALING JAYA: Bursa Malaysia recorded the second lowest foreign inflows last week since January, as the pace of foreign funds exiting Asia accelerated over the seven-day period.

In its weekly fund flow report, MIDF Research said Bursa Malaysia has managed to mark its fourth week of continuous inflows with a net inflow of RM24.6mil, even as foreign inflows into the local bourse took a breather last week.