There are no quick fixes for the local stock market to yield positive results, according to Rafizi Ramli.
Rafizi said the stocks that dominate Bursa Malaysia reflect the country’s past economic successes rather than a “promise of an exciting future” for investors. However, he noted that structural reforms, such as resource allocation to high-value and high-growth sectors as well as fiscal consolidation, were needed to yield positive results on Bursa.Rafizi said these structural reforms were crucial for companies listed on Bursa to be able to benefit from where the money was flowing and bring back investors in the long-term.
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