A general view inside the RHB Centre stock market in Kuala Lumpur March 2, 2020. — Picture by Firdaus Latif
Bank Islam Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the benchmark FTSE Bursa Malaysia KLCI continued to stage a favourable trend during the week, largely due to the improvement in the banking stocks. Tan Sri Muhyiddin Yassin announced 40 initiatives worth RM35 billion under Penjana, whereby the bulk of the allocation were crafted towards job security, including those in the gig economy, re-skilling and easing cash flow for businesses.
The feel good factor from Penjana initiatives could be felt in several industries, particularly in the property and automotive sectors, that would benefit from them, Afzanizam said, adding that there would be some interests in these industries next week.
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