PETALING JAYA: Foreign funds have been making a comeback to Bursa Malaysia so far this year and could benefit some familiar heavyweight counters, according to MIDF Research. According to MIDF, foreign investors have been making a comeback and were net buyers in five out of the first nine trading days in 2017. “Most notably, foreign investors had been net purchasers in the last three trading days (Wednesday, Thursday, and Friday). “It is no coincidence that the foreign funds are returning in what is widely expected to be an election year. “Foreign funds are therefore expected to take tactical positions in local stocks ahead of the polling date,” MIDF said.

Source: The Star January 17, 2017 22:47 UTC