“The stock market has approached the lowest level for the year, as well as a four-year low at 1,548.45 points. Since, then, the market has showed signs of recovery in reaching a six-week high on Wednesday at 1,597.98, ” Inter-Pacific Securities Sdn Bhd head of research, Pong Teng Siew said.
KUALA LUMPUR: The net inflow of foreign funds into the local equity market has been on an uptrend, as outflow continued to decrease month-on-month (m-o-m), marking a possible end to the downtrend for this year.
Inter-Pacific Securities Sdn Bhd head of research, Pong Teng Siew said based on the pattern, there will be an increase in net inflow in the coming weeks as Bursa Malaysia has already hit its lowest mark for the year.
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