Stocks down but recover from post-election slump


  • Business
  • Saturday, 06 Jul 2019

Recovery under way: Based on the 300 largest companies on Bursa Malaysia, research has found that listed companies have recovered from the plunge in share prices since the 14th general election last May. — AP

THE first-half of the year has been eventful, to say the least. With external pressures from an ongoing trade war between the United States and China influencing equities throughout the world, many markets felt the brunt of uncertainty.

It was no different for Malaysia, which had already been labelled as the worst-performing stock market in Asia. Disappointing corporate earnings and slowing economic growth compounded the pressure felt on equities, but the overall performance of the market is not reflected in the more narrow showing of companies.

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