Stock market sees seven months of net foreign buying
January 4th, 2011 Posted in Stock Market
Bursa Malaysia has seen seven consecutive months of net forstock market newseign fund inflows on a strengthening ringgit and measures by the Government to boost the economy.
According to Kuala Lumpur-based
Credit Suisse Group AG analyst Tan Ting Min in a Tuesday report, foreign funds bought RM2.6 billion worth of shares in December, rebounding from RM900 million in November following RM1.8 billion worth of purchases in October.
The stock market will be driven by liquidity, supported by a robust economy, rising commodity prices and a stronger ringgit, she said.
Tan added that efforts to transform the economy to attract investments would also boost the market.
Among her stock picks were
Axiata were also stocks to look out for.
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