KUALA LUMPUR, April 19 — Foreign investors continued to offload Malaysian equities last week, taking out RM456.09 million from Monday to Thursday as compared with a RM237.33 million outflow seen between March 6 and 9, as volatility persists. Bank Islam Malaysia Bhd chief economist Dr Mohd...
Sunday, 19 Apr 2020 10:34 AM MYTKUALA LUMPUR, April 19 — Foreign investors continued to offload Malaysian equities last week, taking out RM456.09 million from Monday to Thursday as compared with a RM237.33 million outflow seen between March 6 and 9, as volatility persists.
“Plunging US retail sales in March, higher-than-expected unemployment claims last week, and free fall in business sentiments in the recent survey all seemed to be at the back burner now,” he told Bernama. “There is no vaccine or antibody yet for the virus. Health experts are also not too keen to reopen the economy prematurely. As such, foreign investors would continue to be cautious, preferring the safe-haven assets,” he added.
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