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Domestic market expected to regain traction on investors’ optimistic outlook

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KUALA LUMPUR: The domestic equity market is expected to regain traction following investors’ optimistic outlook on the pace of global market recovery ...

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 .

However, the total market capitalisation declined by 2.1 per cent to RM1.63 trillion as at end-September 2020. Despite the positive news on the US and China trade deal on Jan 15, 2020, the FBM KLCI, along with major and regional bourses remained soft. Nevertheless, the subsequent relaxation of lockdown measures and gradual resumption of economic activities supported the recovery of the local bourse.

 

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