RM1 billion in foreign funds flow into Malaysian equity market in January - UOB
Last update: 12/02/2019
KUALA LUMPUR, Feb 12 (Bernama) -- Malaysia’s equity market saw a foreign net inflow of RM1 billion in January 2019 following three straight months of outflows while foreign holdings of equities edged up to 23.5 per cent from 23.4 per cent in December 2018.
United Overseas Bank Malaysia (UOB Malaysia) senior economist Julia Goh said January’s renewed foreign inflow into equities came alongside a firmer ringgit and reversal in non-resident portfolio flows into emerging markets.
“We think the US Federal Reserve’s (Fed) more dovish stance signalled patience for further rate hikes, suggesting that the Fed may keep rates on pause until June 2019. This provides some respite for markets and initiates the hunt for yield. .....