KUALA LUMPUR, April 20 — Datuk Seri Najib Razak has claimed today that the over RM2 billion worth of foreign inflow into the local equity market last month was a sign of investor confidence in his leadership.
The caretaker prime minister said the numbers also allegedly debunked the Opposition’s allegation that the country’s economy is poorly managed.
“I just received the latest information from the Securities Commission and Bursa Malaysia that the foreign inflow has reached an all-time high,” Najib told the audience at the opening of the government’s MyApprenticeship programme here.
Earlier this week, Bursa Malaysia’s KL Composite Index rose by 10.29 points or 0.55 per cent, its highest peak since August 2014, due to interest from foreign investors looking for a safe haven for their assets.
This comes after foreign holdings of Malaysian bonds recorded a net inflow of RM2.9 billion in March.
