KUALA LUMPUR (Jan 31): Foreign investors bought Malaysian equity to the tune of RM110.3 million last week offsetting a significant portion of the RM143 million outflow recorded the week prior, according to the MIDF Research Strategy team. In its fund flow report today, MIDF Research said foreign trading was active on Tuesday, as trading value exceeded RM1 billion for the first time this year, but added that the momentum was lost as expected as the market edged towards Friday. “The heaviest foreign buying was recorded on Thursday, as net purchases surged to RM173 million, the second highest this year. MIDF Research said that of significance for the local market is that foreign participation rate held up pretty well. “As expected, retailers retreated significantly from the market, yanking out RM142.5 million net, the highest weekly attrition since September last year.

Source: The Edge Markets January 31, 2017 02:14 UTC