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.

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