The Malaysian financial market remains resilient and continues to function efficiently despite a challenging global economic environment from the Covid-19 pandemic, said the Financial Markets Association Malaysia .
The association said despite the negative growth print registered in the second quarter this year, domestic growth is expected to improve in the second half of 2020 with the gradual reopening of economic activities. “However, by late June we have witnessed a pick up in major economic activities, primarily in the manufacturing, agriculture and construction sectors given that most sectors were reopened and movement control orders were relaxed.
In the ringgit bond market space, trading activities were healthy, recording a robust daily transacted volume of RM5 billion for ringgit government bonds and sukuk year to date, higher than the daily average traded volume of RM4.2 billion observed during the same period in 2019.