Bursa ripe for rebound

Areca Capital Sdn Bhd chief executive officer Danny Wong(pic) is of the opinion that Malaysia’s laggard play is supported by two key factors – a combination of undemanding stock prices and a low ringgit.

PETALING JAYA: A combination of factors such as undemanding stock prices, a weak ringgit, low expectations and a renewed push to boost the economy are some of the reasons why stocks on Bursa Malaysia could finally play catch-up to regional peers in 2020.

The FTSE Bursa Malaysia KL Composite Index (FBM KLCI) has had a dreadful year in 2019, hovering at just 40 points over its four-year low at 1,604 points on Tuesday.