Economists: Announcement of RM3bil investments from local funds will boost investor confidence in Bursa

KUALA LUMPUR: Prime Minister Datuk Seri Anwar Ibrahim's announcement of up to RM3 billion of investments by three local funds should boost investors' confidence in Bursa Malaysia. Economists contacted by the New Straits Times said this is expected to spur more equity investments in the local bourse, particularly in high-growth companies. "The initiative is also expected to attract more foreign investors, potentially reversing the current trend of net cash outflow from Bursa caused by selling off by foreign investors," Putra …