Bank Negara: Financial market to remain volatile amid higher Covid-19 cases | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 86%

Business News News

Business Business Latest News,Business Business Headlines

KUALA LUMPUR, Oct 14 ― Financial market volatility is expected to remain elevated in the near term, with the resumption of the rise in Covid-19 infections in several countries, according to Bank Negara Malaysia (BNM). This, it said, could result in cautious investor sentiment on...

Wednesday, 14 Oct 2020 01:56 PM MYT

This, it said, could result in cautious investor sentiment on weaker-than-expected corporate earnings and an escalation of trade tensions. Of note, retail investors drove trading value and volume on the local bourse, overtaking domestic institutional investors, although more recent profit-taking activity since August has led to some price correction.

Cumulative NR outflows, which peaked in April 2020, have since reversed to record a RM4.3 billion net inflow until end-August 2020, amid the gradual improvement in global investor sentiment and a continued stable base of NR investors, such as governments and central banks, in the domestic bond market.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in BUSİNESS

Business Business Latest News, Business Business Headlines