KUALA LUMPUR: Foreign investors continued to offload Malaysian equities in the April 20-23 period, with net selling almost doubling to RM889.62 million against RM456.09 million in April 13-16 as risk appetites were dampened by weak market sentiments following the slump in oil prices.
Bank Islam Malaysia Bhd chief economist Mohd Afzanizam Abdul said Monday proved to be a turbulent day as the May contract for West Texas Intermediate (WTI), one of the three benchmarks indices for crude oil, fell to -US$37.63 per barrel as speculators rushed to close their open position.