KUALA LUMPUR: International investors bought 326.1 million ringgits ($ 80.68 million) minus Malaysian stocks last week, MIDF Research said in a report on Monday that cited stock market data.
Contrary to expectations, the buying interest continued throughout the week, even after a nationwide state of emergency was declared last Tuesday, the research house announced.
Malaysia’s king declared the emergency in order to contain the spread of COVID-19 A move that the opposition rejected in an attempt by Prime Minister Muhyiddin Yassin to maintain control during a power struggle.
Foreign investors were net sellers of Malaysian stocks the week before, recording an outflow of 337 million ringgits.
Ref: https://www.brecorder.com
