THE stock market seems to be flush with liquidity. This had already been a hallmark of our local market, with some taking a view that it tends to be overvalued, due in part to the big presence of government-linked investment companies (GLICs) in our markets.
What has tilted the scale a little these days is the recent ruling by the authorities that GLICs should temporarily stop from investing abroad, a move to protect the value of the ringgit.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!