Investor confidence will return to Bursa with clearer policies
Published on: Friday, August 10, 2018
Kuala Lumpur: Investor confidence will likely return to the local bourse if clearer policies are announced in Budget 2019, scheduled to be tabled in Parliament on Nov 2, said Nomura Asset Management Malaysia Sdn Bhd on Thursday. Head of Investment Leslie Yap said investors were actually concerned of the new government's policy direction."It is still very early. People are looking for a few things, one is the upcoming budget. Once the Budget is tabled, people will have a clearer direction as to what the government wants to do in terms of overall policies.
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"People will have more confidence in putting their money in companies and in the right sector (of the stock market)," he told reporters on the sidelines of the International Social Security Conference 2018 organised by the Employees Provident Fund here. The other factor affecting market sentiment was the monetary tightening policy of the US Federal Reserve, European Central Bank and Bank of Japan, which resulted in foreign fund outflow from emerging markets to the United States, he added. Stay up-to-date by following Daily Express’s Telegram channel.
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