Amir Hamzah during launching KWAP Inspire Conference 2024 today.Also present are KWAP investment panel chairman Datuk Mohamad Nasir Ab Latif and CEO Datuk Nik Amlizan Mohamed. – BernamapicThe recent decline in the Malaysian stock market is a short-term overcorrection, said Finance Minister II Datuk Seri Amir Hamzah Azizan.“We see that sometimes trading positions are taken and then resettled, causing the market to drop due to the resettlement. However, this is short term.
He highlighted the second quarter’s advanced GDP number, which rose to 5.8%. “If we take the average of the first and second quarters, it is 5% for the first half,” he added. He added that this positive outcome is not only due to the expected US interest rate cuts but also because of the good policies implemented by the government which have increased confidence in Malaysia.
“These are efforts that foster innovation and drive the development of a more resilient and sustainable Malaysian economy by funneling capital towards sustainable solutions and businesses.