Oil price, ringgit to stabilise soon?

Amidst the panic, there are views emerging that the two factors driving down the local bourse – falling oil prices and weakening ringgit – could be almost coming to an end.

“I am quite optimistic we are more than halfway coming to an end and these two big factors could start to stabilise quite soon,’’ said Pong Teng Siew (pic), head of research of Inter-Pacific Securities, noting that the KL stockmarket had only taken a downturn last year.