Net Foreign Fund Outflow Eases To Rm394 34m




Foreign investors continued to exit Bursa Malaysia for the May 18-21 period, recording a total net outflow of RM394.34 million, as the country entered the third week of its conditional movement control order (MCO) enforcement amidst the Covid-19 pandemic
The amount was lower compared with two consecutive weeks previously, on May 12-14 and May 4-7, which recorded RM734.18 million and RM736.28 million, respectively, of foreign net selling
An analyst told Bernama that the decline in value of foreign disposals for the week under review, might have been a result of the conditional MCO implementation, which allows the economy to gradually reopen, and had progressively helped in boosting the country’s economy and rebuild consumers’ as well as investors’ confidence
“Perhaps, going forward, we will see international funds making a comeback into Bursa Malaysia if the spread of Covid-19 remains contained and healthcare capacity remains robust,” he said
The conditional MCO was announced by the Prime Minister Muhyiddin Yassin, under which most economic and social activities are allowed to operate starting from May 4, following positive results from two to six strategies to combat Covid-19 - strict measures to contain the outbreak and building resilience through the Prihatin Rakyat Economic Stimulus Package
On May 1, Muhyiddin said Malaysia was losing an estimated RM2.4 billion a day due to the MCO, with total losses estimated at around RM63 billion then
Meanwhile, Bank Islam Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said average foreign fund participation stood at 14.59 percent during the first four days of the week compared with 15.86 percent in the corresponding period last week
“Local institutions recorded a lower net buy of RM389.29 million between May 18 and May 21 compared with RM611.27 million previously, while local retail investors’ net buy this week eased to RM5.04 million from RM122.91 million before,” he told Bernama
He noted that the FTSE Bursa Malaysia KLCI (FBM KLCI) stayed above the 1,400-point level this week, however, the benchmark index fell by 15.35 points last Friday to close at 1,436.76, in sync with the decline in major indices in Asia and the United States (US)
“The gradual reopening of the economy, as well as positive developments on Covid-19 vaccines, appear to have lent some support to the market
“Nonetheless, economic numbers continue to remain weak, alongside the potential standoff between the US and China over the latest security law in Hong Kong,” he added
Mohd Afzanizam said China was seen exerting more control over Hong Kong and this has led negative reaction from the US lawmakers
“Prior to this, constant criticism by the US officials on the origination of the pandemic from China could jeopardise the bilateral relations between the two countries
“It’s a bit of a tug of war between optimism on the reopening of the economy and geopolitical risks, and to some degree, the intermittent rise in new infection cases as well as weak economic data that would result in market sentiments to remain guarded,” he said
As such, he said market sentiments were expected to be cautious next week, and also following the holiday-shortened week next week which will mean less trading volume on the bourse
“Perhaps, the FBM KLCI is expected to be in range bound mode in the immediate term,” he added
Bursa Malaysia Bhd and its subsidiaries will be closed on Monday and Tuesday in lieu of the Hari Raya Aidilfitri celebration today. Trading will resume on Wednesday, May 27
Throughout the week, the market traded mostly higher, with trading volume reaching an all-time high of 11.21 billion units, supported by an overwhelming buying interest from retail participants amid the lower Overnight Policy Rate of 2.0 percent
On Monday last week, the Yang di-Pertuan Agong Sultan Abdullah Sultan Ahmad Shah, during his royal address at the opening of the third term of the 14th Parliament, had called on the government to look for ways to help companies and businesses affected by the Covid-19 pandemic
His Majesty expressed confidence, saying that with good cooperation and cohesion, the challenges faced will be resolved together
The King also called on the government to continue to simplify business processes to enhance investment activities, including the need to update existing laws, approval processes and incentives
His Majesty said the government would continue to formulate, introduce and implement various programmes and initiatives to spur economic activities to improve the people's income and well-being, and in this regard, the Shared Prosperity Vision 2030 will be the catalyst for the nation's development direction
- Bernama

Artikel ini hanyalah simpanan cache dari url asal penulis yang berkebarangkalian sudah terlalu lama atau sudah dibuang :

http://malaysiansmustknowthetruth.blogspot.com/2020/05/net-foreign-fund-outflow-eases-to.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MalaysiansMustKnowTheTruth+%28Malaysians+Must+K

Kempen Promosi dan Iklan
Kami memerlukan jasa baik anda untuk menyokong kempen pengiklanan dalam website kami. Serba sedikit anda telah membantu kami untuk mengekalkan servis percuma aggregating ini kepada semua.

Anda juga boleh memberikan sumbangan anda kepada kami dengan menghubungi kami di sini
Developer Ordered To Refund Money To Service Fee Fund

Developer Ordered To Refund Money To Service Fee Fund

papar berkaitan - pada 17/5/2020 - jumlah : 241 hits
KOTA KINABALU Condominium unit owners may have a say in managing the service fees funds and other management matters in the future A unit owner Tan Kung Ming said that he hoped the laws will change in the near future to allow unit owners to...
Tiga Kesan Bermulanya Kebakaran Di Rumah Ceo Cradle Fund Saksi

Tiga Kesan Bermulanya Kebakaran Di Rumah Ceo Cradle Fund Saksi

papar berkaitan - pada 17/5/2020 - jumlah : 386 hits
SHAH ALAM Saksi pendakwaan ke 20 perbicaraan kes pembunuhan Ketua Pegawai Eksekutif Cradle Fund Nazrin Hassan memberitahu Mahkamah Tinggi di sini hari ini bahawa terdapat tiga kesan bermulanya kebakaran di rumah mangsa pada 14 Jun 2018 Peng...
Fire At Cradle Fund Ceo S House Could Have Been Deliberately Set Court Told

Fire At Cradle Fund Ceo S House Could Have Been Deliberately Set Court Told

papar berkaitan - pada 16/5/2020 - jumlah : 461 hits
Samirah Muzaffar is jointly charged with two teenagers and another person at large with murdering her husband Cradle Fund CEO Nazrin Hassan PETALING JAYA Investigations into the fire that broke out at the home of Cradle Fund CEO Nazrin Hass...
Aliran Keluar Bersih Dana Asing Susut Kepada Rm394 34 Juta

Aliran Keluar Bersih Dana Asing Susut Kepada Rm394 34 Juta

papar berkaitan - pada 25/5/2020 - jumlah : 245 hits
KUALA LUMPUR Pelabur asing terus keluar dari Bursa Malaysia bagi tempoh 18 21 Mei merekodkan jumlah aliran keluar bersih sebanyak RM394 34 juta ketika negara memasuki minggu ke 3 pelaksanaan perintah kawalan pergerakan bersyarat di tengah t...
Long Wait For Covid 19 Lab Tests Results For Foreign Workers Says Civil Engineering Group

Long Wait For Covid 19 Lab Tests Results For Foreign Workers Says Civil Engineering Group

papar berkaitan - pada 14/5/2020 - jumlah : 303 hits
It is impractical to carry out the reverse transcription 8211 polymerase chain reaction test for Covid 19 on all foreign workers in an effective and timely manner said Sarawak Building and Civil Engineering Contractors Association ch
No Free Stay For Foreign Spouses

No Free Stay For Foreign Spouses

papar berkaitan - pada 15/5/2020 - jumlah : 275 hits
PUTRAJAYA Immigration will revoke its facilities for foreign spouses of Malaysian citizens who refuse to settle their bills after undergoing compulsory quarantine says Senior Minister Datuk Seri Ismail Sabri Yaakob The government he said ha...
No Inhumane Handling Of Foreign Workers By Govt Ismail Sabri

No Inhumane Handling Of Foreign Workers By Govt Ismail Sabri

papar berkaitan - pada 28/5/2020 - jumlah : 374 hits
Datuk Seri Ismail Sabri Yaakob PUTRAJAYA Senior Minister Datuk Seri Ismail Sabri Yaakob yesterday refuted claims by certain quarters over the government s handling of foreign workers in the wake of the Covid 19 outbreak in the country
Tawau Health Office Seeks Foreign Worker For Covid 19 Test

Tawau Health Office Seeks Foreign Worker For Covid 19 Test

papar berkaitan - pada 28/5/2020 - jumlah : 302 hits
CORONAVIRUS The Tawau Health Office is in the midst of tracking down a foreigner believed to be working at an oil palm plantation here for a Covid 19 screening test According to sources the man who did not possess valid documentation had al...
China Foreign Minister Warns Of New Cold War Provoked By Us Politicians

China Foreign Minister Warns Of New Cold War Provoked By Us Politicians

papar berkaitan - pada 25/5/2020 - jumlah : 317 hits
State Councilor and Foreign Minister Wang Yi warned on Sunday of the need to be alert to some political forces efforts in the United States to push the US and China toward a new Cold War He also urged Washington to cooperate with Beijing in...
Sah Kes Najib Razak Cacat

Slot Qris Explained The Key To Faster And Safer Gaming Transactions

Rahsia Kawal Gula Dalam Darah Supaya Tak Melompat Lompat Lagi

Tremendous Nadi Collaboration

Kebaikan Rawatan Rendaman Kaki Bersama Garam Bukit Dan Ais Batu

Salam Dalam Salat Jenazah Sekali Atau Dua Kali

10 Praktik Keberlanjutan Yang Wajib Diterapkan Di Tahun 2025

Takwim Cuti Persekolahan Tahun 2025 2026


echo '';
5 Insiden Jalan Sesak Yang Berlaku Lebih 24 Jam Durasinya

Senarai Lagu Tugasan Konsert Minggu 6 Gegar Vaganza 2024 Musim 11

Keputusan Markah Peserta Konsert Minggu 5 Gegar Vaganza 2024 Musim 11

10 Filem Drama Seram Melayu Berhantu Terbaru 2024 2025 Mesti Tonton

One In A Million 2024 Senarai Peserta Juri Format Pemarkahan Hadiah Dan Segala Info Saksikan Live Di TV3 Malaysia Dan Tonton Calpis Soda OIAM


Redha Di Dalam Rumah Tangga

Ioi City Mall Gears Up For A Meletop 2025 With A Star Studded New Year S Eve Celebration

Farhan Mustapha Mutiara Hati Chord

The West Isn T Dying But It S Working On It

Malaysian Muslims Baffled How Having A Pic With Christmas Tree Santa Claus Can Shake Their Faith

Have A Relaxing Day With Friends Over Lunch Or Dinner