KUALA LUMPUR (Jan 16): Foreign investors mopped up RM382.8 million net last week, the highest since the third week of September, according to MIDF Research Strategy team. MIDF Research said of significance was the strong increase in foreign participation. It said foreign average daily trade value (ADTV) rose to RM848 million, 40% higher compared with that the week before. MIDF Research said local players took the opportunity of foreign buying to clear some position. “We note that the retail market is currently active, with participation rate the highest since August,” it said.

Source: The Edge Markets January 16, 2017 03:00 UTC