KUALA LUMPUR, Dec 15 — Foreign funds remained as net sellers on local equities market weighed by cautious sentiment driven by the external market, particularly on efforts to broker “phase one” trade deal between the United States and China. Inter-Pacific Securities Sdn Bhd head of...
Pong said foreign net outflow stood at RM327.09 million from Dec 9-12, significantly lower compared with RM929.76 million on Dec 2-5. — Reuters pic
Inter-Pacific Securities Sdn Bhd head of research Pong Teng Siew said foreign net outflow stood at RM327.09 million from Dec 9-12, significantly lower compared with RM929.76 million on Dec 2-5. “The market was oversold and investors keep on selling. However, the outflow of this week has reduced from last week as there was not much disturbing news ,” he told Bernama.
Among the economic/corporate developments that made headlines this week was the World Bank’s downward revision of Malaysia’s 2020 gross domestic product growth forecast to 4.5 per cent from earlier projection of 4.6 per cent.
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