Msia sees biggest weekly equity outflow in over 20 months over political, Covid-19 woes - News Summed Up

Msia sees biggest weekly equity outflow in over 20 months over political, Covid-19 woes


The country swore in new Prime Minister Tan Sri Muhyiddin Yassin on Sunday after the shock resignation of Tun Dr Mahathir Mohamad last Monday led to a week of political chaos. The exchange did not immediately respond to a request to make the data available to Reuters. Some of the biggest losers in the Feb 24-28 week were Public Bank Bhd, Malaysia Airports Holdings Bhd and energy and marine transportation company Yinson Holdings Bhd. The top gainer was Top Glove Corp Bhd, the world’s biggest glove maker that is seeing a massive demand for its products due to the spread of the virus. On Sunday, Malaysia reported four new cases of coronavirus, bringing the total number of infections in the country to 29.


Source: New Strait Times March 02, 2020 06:00 UTC



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