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Zafrul: Worst is over for Malaysian capital market

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KUALA LUMPUR: The worst is over for the Malaysian capital market, which has been spooked by the country’s potential disqualification from an important global bond index, according to CIMB Group Holdings Bhd group chief executive officer Tengku Datuk Seri Zafrul Aziz.

Annual report: CIMB Group Holdings Bhd chairman Datuk Mohd Nasir Ahmad and Zafrul at the banking group’s AGM yesterday.

“The recent selloff in our markets was a result of investors’ knee-jerk reaction, as they turned more cautious on the news of the potential exclusion from the index. However, our bond market performance year-to-date is still positive. “Malaysia, currently assigned a ‘2’ and included in the WGBI since 2004, is being considered for a potential downgrade to ‘1’, which would render Malaysia ineligible for inclusion in the WGBI,” said FTSE Russell in a statement.

“We maintain our forecast for the economic growth to be around 4.5% to 4.7% and we are also looking at the ringgit to strengthen to RM4.10 per US dollar by year-end,” he said.

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R u sure or speculation ! The facts.

Ok 30 million Malaysian invest based on his advice ... And if you lose money .... class suit on zafrul and CIMBMalaysia nazrazak

Ok 30 million Malaysian invest based on his advice ... And if you lose money .... class suit on zafrul

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