KUALA LUMPUR: The buying of Bursa Malaysia equities following the US Federal Reserve's dovish announcement on Wednesday helped to narrow the net outflow of foreign funds from the domestic market.
Foreign investors had net sold domestic stocks from Monday to Wednesday, with a combined total of RM757.5mil. "In Malaysia, Bank Negara had also forecast a growth of 4% to 5% in 2024, supported by resilient domestic demand and an improvement in external demand," said MIDF.