Credit Suisse Research recently upgraded the Malaysian market to'overweight' driven mainly by the country’s improved valuations. — Reuters pic
“It includes the FTSE Russell review on Malaysian government bonds in the Word Government Bond Index, whereby the next review is in September 2019,” he told Bernama. On other factors, Mohd Afzanizam said the external sector, especially the US-China trade tensions, which is very fluid at this juncture, would weigh on the country’s market performance.
He also said the ringgit which looks oversold and typically moves in line with oil prices, has lagged this year, likely due to portfolio outflows.
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