Foreign fund inflows on the rise

Danny Wong, Wong, who is the CEO of Areca Capital, said investors retreated from Malaysian stocks in anticipation of higher interest rates in the United States to tame the soaring inflation. “But now that investors are pricing in a 75-basis-point (bps) hike instead of 100 bps as previously expected, some foreign investors are coming back to Malaysia."

PETALING JAYA: It appears that foreign investors are slowly making their way back to Malaysian stocks, providing much-needed support for Bursa Malaysia at a time when local institutional funds have turned net sellers.

In the trading week ended July 22, foreign investors were net buyers for four out of five days, amounting to a net foreign inflow of RM191.3mil in the week.