Technical analysts that StarBiz spoke to all expect the market to continue losing steam in the weeks ahead as there are no positive catalysts to spur investor interest. The Budget 2016 proposals have largely been regarded as market-neutral with several sectors such as construction, defence and certain technology benefiting. - File pic EPA
PETALING JAYA: Bears usually hibernate through the winter but not this bear. This bear will be stalking the equity markets through the last two months of the year, scenting the blood trail of negative market sentiments.
Already, the recent rebound in the Malaysian stock market is over as the issues that keep popping up this year – speculation over a US interest rate hike, weak commodity prices and weak ringgit – continue to weigh on market sentiments.
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