KUALA LUMPUR, Oct 10 — The global onslaught of the Covid-19 pandemic and fluctuations in the domestic political landscape have led to a rather turbulent journey for Bursa Malaysia over the past two years.
However, Bursa Malaysia is capable of regaining its strength, supported by domestic stability, said Principal Asset Management Singapore chief executive officer and chief investment officer Christopher Leow. “I believe that the government understands the importance of stability and economic growth in the next election,” he told Bernama in an interview recently.
According to Bloomberg, the benchmark FBM KLCI moved between 1,452.13 and 1,695.96 in the 52-week range, while year-to-date, it recorded a 4.05 per cent drop as of Oct 7. As for the days to come, analysts are expecting investors — especially foreign ones — to remain on the sidelines pending the tabling of Budget 2022 on Oct 29, as the budget serves as an indicator of the government’s stability.
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