Foreign fund buying pushes Bursa Malaysia higher


  • Business
  • Wednesday, 03 Jul 2019

Bursa rallies: Investors monitor share market prices at a brokerage in Kuala Lumpur. The FBM KLCI added seven points to close at 1,691 points yesterday. This is 100 points higher than where it was two months ago.

PETALING JAYA: The longest-running bull market in Asia is back in positive territory for the sixth time this year, as foreign investors turned net buyers of Malaysian equities in June for the first time since January.

Overseas fund managers bought net RM134.6mil of stocks on Bursa Malaysia in June, the first monthly net inflow in five months, according to MIDF Research.

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