As foreign funds exit, local institutions buy up RM1.19bil net of Malaysian equities

KUALA LUMPUR: The net value of local institution purchases in domestic equities rose to a whopping RM1.19bil last week even as the volatility that hit global markets sparked an outflow of foreign investment from Bursa Malaysia.

"They net bought every day last week, with the largest net buying amount seen on Monday at RM545.8mil.