Chief Executive Officer Datuk Seri Tajuddin Atan says Bursa Malaysia is well positioned to be the investment destination for foreign investors seeking assets in Asean. – AFP file pic, March 11, 2016. Bursa Malaysia says it is stabilising as evidenced by rising foreign investor interest, riding on the improvement of the ringgit and strengthening of the crude oil price.
Net foreign buying in the local equities market for the whole of last week stood at RM927 million.
Chief Executive Officer Datuk Seri Tajuddin Atan said the local equities market currently can be described as experiencing a "plus" environment with positive factors such as the ringgit and crude oil price attracting investors.
"I believe this, to a certain extent, is quite sustainable in the sense that the assumptions they were looking at the year before have changed tremendously,"
he said.
He said the optimism is also driven by the investing trend, which is to uncover the maximum valuation of securities.
Tajuddin said Bursa Malaysia is also well positioned to be the investment destination for foreign investors seeking assets in Asean.
"Bursa Malaysia has strong fundamentals. If they need to go back to Asean for assets as part of their portfolio, I think Bursa Malaysia has the advantage," he added. – Bernama, March 11, 2016.
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