Wednesday 4 January 2012

Foreign funds bought KL shares for 3rd month

Overseas investors bought Malaysian stocks for a third straight month in December, the longest monthly streak since July, as the benchmark index posted its largest quarterly gain in more than a year.

Foreign funds purchased a net RM800 million (US$255 million) of Malaysian shares last month, according to data on the Kuala Lumpur stock exchange’s website.

They bought RM700 million of stocks in November and RM1.5 billion in October. -- Bloomberg



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