File pic of Bursa Malaysia screens. CIMB lowered its end-2015 target for the KLCI to 1,700 from 1,800.
PETALING JAYA: The exit of substantial foreign capital amounting to more than RM20bil over the past three years means that the FBM KLCI’s valuations will be properly reflected in the fundamentals going forward, say analysts.
For the first half of this year, net ouflows by foreign investors only amounted to RM48.6mil in total. This is in stark contrast to the RM19.5bil worth of net outflows seen last year and a further RM6.5bil back in 2014.
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