Market rally seen temporary

Can the bull last?: Bursa Malaysia, which had taken a beating in recent weeks amid a host of negative factors, finished 1.25% or 21 points higher at 1,727.96 yesterday, its best performance since June 24.

Analysts say that ringgit gains, local bourse upswing may not sustain

PETALING JAYA: The local stock market and the ringgit rallied to their best levels in weeks after Fitch Ratings upgraded its outlook on Malaysia’s government debt to “stable” from “negative”, but market observers warn that the relief may be temporary as concerns continue to loom.