“The impact of the end of loan moratorium is already priced in. Yesterday, the market fell after the World Bank lowered its 2020 economic growth forecast for Malaysia, which has dampened the sentiment, ” Rakuten Trade Research vice-president Vincent Lau told StarBiz.
PETALING JAYA: The trading volume on Bursa Malaysia has ebbed from its record high with the end of the automatic loan moratorium.
The local stock market is in a consolidation phase led by the end of the six-month loan moratorium today as well as the fear of a second wave of coronavirus (Covid-19) cases and contraction in the country’s economic growth for this year.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
