KUALA LUMPUR: Foreign investors were net buyers in the local equity market last week, recording a total net inflow of RM23.48 million from Jan 20-23 compared with RM63.66 million from Jan 13-16 as markets remained fragile amid concerns over the 2019 novel coronavirus outbreak.
Bank Islam Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the average participation rates for foreign and local institutions stood at 18.4 per cent and 54 per cent, respectively, against 25.08 per cent (foreign institutions) and 46.91 per cent (local institutions) in the same period the previous week.
Speaking to Bernama, he said markets were cautious about the coronavirus which stemmed from Wuhan, China, throughout last week, ahead of the Chinese New Year holiday.
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