Zafrul: Worst is over for Malaysian capital market

Annual report: CIMB Group Holdings Bhd chairman Datuk Mohd Nasir Ahmad (left) and Zafrul at the banking group’s AGM yesterday.

KUALA LUMPUR: The worst is over for the Malaysian capital market, which has been spooked by the country’s potential disqualification from an important global bond index, according to CIMB Group Holdings Bhd group chief executive officer Tengku Datuk Seri Zafrul Aziz.

Speaking to reporters after the banking group’s annual general meeting, Tengku Zafrul said he was optimistic that Malaysia would be retained under FTSE Russell’s World Government Bond Index (WGBI), given the country’s role in the global bond market.This is expected to boost investor confidence in the domestic capital market.