FBM KLCI could test near-term target of 1,900 points

In its weekly fund flow report, MIDF Research said that foreign investors acquired RM273.3mil worth of Malaysian equities in net value last week. The figure, which excluded off market trades, was more than three times the amount acquired in the preceding week worth RM86.6mil.

PETALING JAYA: Shares on Bursa Malaysia got off to a pouncing start to the Year of the Dog, tracking sharp gains across the region amid a returning tide of foreign buying interest.

The FBM KLCI jumped 1% to close at 1,857 points. Analysts said the index could test its near-term target of 1,900 points in the coming days.