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KUALA LUMPUR: Foreign funds sold RM589.38mil net of local equities last week against RM485mil disposed in the week prior, according to MIDF Research.
KUALA LUMPUR: Foreign investors continued to offload Malaysian equities during the Sept 1-3 period, with net selling widening to RM558mil from RM484.9mil during the Aug 24-28 period.
AS expected, Corporate Malaysia’s second quarter earnings were extremely disappointing as most corporates, other than the glove sector and, to a certain extent, the plantation and technology sectors, were lashed by the tsunami of movement control order (MCO) and recovery MCO period that followed thereafter.
PETALING JAYA: Genting Hong Kong Ltd (GENHK) is confident of securing capital to fulfil its US$200.4mil financial obligations and does not require a group bailout.
KUALA LUMPUR: Financially ailing Genting Hong Kong (GENHK) should be able to raise enough funds from the investment community, ruling out any need for other entities in the Genting group to bail it out, according to UOB Kay Hian Malaysia Research.
KUALA LUMPUR: Foreign funds continued to offload local equities last week, selling RM485mil, the largest outflow in August, according to MIDF Research.
PETALING JAYA: As Malaysia’s fate will be known by this month whether it will remain in the FTSE Russell’s World Government Bond Index (WGBI), there could be a risk of total foreign outflows to the tune of up to about RM25bil if it gets excluded.
KUALA LUMPUR, Aug 30 (Bernama): Foreign investors continued to offload Malaysian equities in the Aug 24-27 period, with net selling widening slightly to RM370.4 million against RM344.2 million last week.
For Belarus’s thriving tech industry, it didn’t matter much that the country’s president referred to the Internet as “garbage” and state factories as the engine of economic success. Until now.