M’sian equities may see mid-term consolidation

MIDF Research said local institutions had persisted in their net buying trend for the fifth consecutive week.

PETALING JAYA: Fund managers believe that the local equity market is set for some tightening over the coming months, despite the indirect good news that Malaysia had posted a 15.3% year-on-year growth in foreign investments last year.

The Investment, Trade and Industry Ministry had on Monday reported that foreign funds contributed 57.2% or RM188.4bil of total investments approved last year, with domestic investments making up the balance of RM141.1bil.