Rakuten Trade head of research Kenny Yee said there would be no more major outflow expected in the equities market this year after experiencing over RM11 billion outflow last year and RM2.6 billion outflow as of to-date this year. — Bernama pic
He said the weaker ringgit would made the local equities market more appealing to foreign investors, while the revival of infrastructure projects such as East Coast Rail Link and Bandar Malaysia would attract more interest in the construction sector. Yee said there would be no more major outflow expected in the equities market this year after experiencing over RM11 billion outflow last year and RM2.6 billion outflow as of to-date this year.
Meanwhile, on the government’s initiative to ease the terms and conditions for housing loans, he said such a move was good to address the oversupply in the property sector.