KUALA LUMPUR: Political stability and clarity on mega projects can be the 'wow' factors which could boost the ringgit and FBM KLCI performance next year.
Bank Islam Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the East Coast Rail Link (ECRL) contract awards and implementation, as well as clarity on the Prime Minister’s power transition, will help to drive investors’ sentiment.
He said currently, the ringgit and Bursa Malaysia have been dampened by risk aversion amid cautious sentiments both locally and overseas.