Markets rebounded last week after the heavy selloff seen in the week before.
Sentiments for a soft landing improved due to lower CPI and PPI inflation numbers in the US, says MIDF.
US Inflation
Foreign funds returned to Asia again, after five straight weeks of net outflows.
Foreign investors net bought equities on Bursa Malaysia, after strong selling in the previous week.
Ringgit depreciates
The Ringgit depreciated against the US Dollar by –0.19% to close at RM4.4323 on Friday. The Brent crude oil price rose +0.03% to USD79.68 per barrel while the crude palm oil price declined –1.13% to RM3,681.00 per tonne.
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