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PNB expects Bursa revival once market clarity is restored | Malay Mail

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PNB expects Bursa revival once market clarity is restored

PNB chief executive officer Datuk Abdul Rahman Ahmad said there is 'significant upside' potential when foreigner investors are lured back by the nation’s strong fundamentals. — Picture by Firdaus Latif

In a Bloomberg report today, PNB chief executive officer Datuk Abdul Rahman Ahmad said there is “significant upside” potential when foreigner investors are lured back by the nation’s strong fundamentals.“We are going through a period of transition. Fundamentally, we remain strong and the government will pursue policies that are positive for the market. Once the market understands that, flows will come back.

It is the only market to drop among major Asian gauges this year, trading at the lowest level in nine months relative to the Morgan Stanley Capital International Emerging Markets Index. The economy is projected to grow at 4.9 per cent this year from 4.7 per cent in 2018, while the ringgit has gained 1.4 per cent so far this year.

 

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