Over RM1.26 billion worth of Malaysian equities were dumped by foreign investors last week, the highest in 88 weeks according to Reuters.

This comes after investors were weary about the political uncertainty and virus outbreaks that were taking place in the country.

Malaysia’s 8th prime minister was sworn in to office yesterday.

February saw the largest selling since August 2019, totalling to RM1.97 billion, according to data shared by brokerage firm MIDF.

Stocks that suffered the most were Public Bank Bhd, Malaysia Airports Holdings Bhd, and Yinson Holdings Bhd.

The top gainer was Top Glove Corp Bhd, the world’s biggest glove maker, as demand for their products rose significantly due to the outbreak of the virus.