The local market has rebounded sharply from its Covid-19-triggered steep depreciation, and has performed relatively better than its regional peers, largely thanks to the unprecedented government stimulus. — Bernama pic
He also said strong participation from retail investors who sought better yield in equities rather than fixed deposits contributed to the market’s recovery. “As we get to year-end, investors will look at 2021. If there are sufficient signs of a recovery, this will be another catalyst for the market,” he told a virtual media briefing on the Market Outlook for 2020 here today.
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