Local equity market records first monthly foreign net inflow in over two years | Malay Mail

KUALA LUMPUR, Sept 6 — Total monthly foreign net inflow reached RM1.1 billion in August this year, the first monthly foreign net inflow after 25 consecutive months of foreign net outflow, said Bank Islam Malaysia Bhd economist Adam Mohamed Rahim.

“In fact, this was the largest daily foreign net inflow recorded so far in 2021,” he told Bernama, adding that for last week, foreign investors acquired RM786.4 million net of local equities compared to the RM964.2 million net bought in the previous week. This was despite China’s factory activity growing at a slower pace in August compared to the previous month.

Perhaps the gains seen in China’s equity market spilled over to other parts of Asia including Malaysia, he reasoned.

Allah is free from imperfection and I begin with His praise,as many times as the number of His creatures, in accordance with His Good Pleasure, equal to the weight of His Throne and equal to the ink that may be used in recording the words (for His Praise)

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Guan Eng reminds finance minister SMEs will collapse if remain shut for another month | Malay MailKUALA LUMPUR, Sept 4 — DAP’s Lim Guan Eng again warned about the inevitable collapse of small and medium businesses if they are forced to remain shut for another month, as he urged the government to reopen the economy fully by October. The former finance minister said his successor Datuk Seri... Roti-Canai-Pusing Eng reminded FM that SMEs will collapse if remain shut but at the same time blasting everyone for the worsening of covid cases in Penang due to opening of some sectors during lockdown. HOW LONG WILL HE CONTINUE TO PUSING & HOODWINKING THE PPL?
Source: malaymail - 🏆 1. / 86 Read more »

Investors grow wary as stocks hit new highs | Malay MailNEW YORK, Sept 4 — Investors are girding their portfolios for potential stock market volatility, even as equities hover near fresh highs after logging seven straight months of gains. Utilities are the S&P 500’s best-performing sector so far this quarter with a 10.2 per cent gain. They have...
Source: malaymail - 🏆 1. / 86 Read more »