Foreign funds turn net buyers after 25 weeks

KUALA LUMPUR: Despite cautious sentiment on the global economic outlook, the local equity market has rebounded to record a net foreign buying this week, after the 25th consecutive week of net foreign selling.

Bank Islam Malaysia Bhd economist Adam Mohamed Rahim said from Monday to Thursday, international investors acquired RM76.8 million net of local equities compared to the RM937.5 million net disposed from Monday-Friday period in the preceding week.