Retail investors signal faith in Malaysia economy by buying up stocks

TUN DAIM ZAINUDDIN
TUN DAIM ZAINUDDIN

Foreign funds fled the Kuala Lumpur stock market on its first trading day on Monday since the shock change of government last week.

But surprisingly, the net sell of RM683 million (S$231 million) was largely absorbed by the Malaysian public, instead of state-linked institutional investors that usually pick up the slack.

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A version of this article appeared in the print edition of The Straits Times on May 16, 2018, with the headline 'Retail investors signal faith in economy by buying up stocks'. Print Edition | Subscribe