0056 GMT [Dow Jones] CIMB keeps Overweight call on Malaysia equities, retains KLCI end-2010 target of 1400 points; in strategy report, analyst notes foreign funds turned net buyers of Malaysian equities in August. "Though expected, we are heartened by this news as the steep sell down in July had caught us by surprise. Another cause for cheer is the size of net inflow, which, at $87 million, is the second highest monthly increase this year," analyst says. Thinks September could be another month of net inflows as global markets, though charting new year-highs, have been jittery, investors have been quick to take profit, shift to more defensive markets. KLCI ended down 0.9% at 1205.95 Monday.
Dow Jones Newswires
September 28, 2009 20:56 ET (00:56 GMT)
Copyright (c) 2009 Dow Jones & Company, Inc.
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