A wait-and-see attitude at M'sian equity and forex markets

Market breadth was overwhelmingly negative to the tune of 727 to 170, with 330 counters unchanged. Out of the 100 FBM KLCI stocks, only four headed north.

KUALA LUMPUR: With traders and investors still on their New Year’s break, the local equity and foreign exchange markets are still adopting a “wait-and-see approach” but the underlying sentiment remains intact.

Although net outflow remains the norm in the market, generally the mood was one of “upbeat” for Malaysia’s prospects in 2019, according to financial analysts.