Net foreign selling continues for third consecutive week

Good impact: Gains made on Bursa Malaysia yesterday were due to the positive sentiment in Asian markets and the rise in US stock futures after the US and China agreed not to impose more tariffs on each other

KUALA LUMPUR: Malaysia continued to experience net foreign selling for the third consecutive week as investors shifted their asset allocation into safe havens such as bonds and money market.

This was due to the bearish scenario in the global market which has a far more significant impact than internal factors.