Finance ministry: Malaysia’s domestic market expected to regain traction on investors’ optimistic outlook | Malay Mail

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KUALA LUMPUR, Nov 5 — The domestic equity market is expected to regain traction following investors’ optimistic outlook on the pace of global market recovery and domestic economic growth, supported by various strategic projects, said Ministry of Finance (MoF). In its Economic Outlook 2021...

Finance ministry: Malaysia’s domestic market expected to regain traction on investors’ optimistic outlookA general view of the Kuala Lumpur city centre during the movement control order, March 27, 2020. ― Picture by Choo Choy May

Total volume and total market value rose by 162.2 per cent to 1.27 trillion units and 90 per cent to RM749 billion, respectively.Foreign holdings in the local bourse remained stable at 12.6 per cent as at end-September 2020. The local bourse fell below 1,600 points in the second week of January 2020 due to rising geopolitical tensions between the United States and Iran.

The enforcement of the Movement Control Order beginning March 18 led to panic selling in the equities market, resulting in the local bourse hitting a decade-low of 1,219.72 points on March 19.

 

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