Foreign inflows to Malaysia stocks lose momentum

(Oct 3): Foreign buying of Malaysia’s stocks slowed in the past week as the nation’s benchmark equity index rose and the Malaysian ringgit was little changed.

The five-day moving average of net foreign inflows decreased to US$340,000, falling below the 20-day average of US$1.21 million, according to data from the Bursa Malaysia Bhd compiled by Bloomberg.

The FTSE Bursa Malaysia EMAS Index rose 0.3% over the past week and the ringgit was little changed against the dollar at 4.1405.

Source: TheEdgeMarkets