The year when investors stop believing in magic

Slow market: A file picture showing electronic boards with share prices of Bursa Malaysia. Even Hong Kong that sees rowdy protests has performed better than Bursa Malaysia. — AP

EXPECTATIONS were running high when the year started after the change in government in May 2018.

Many had thought that the new government would have settled down, the economy would start moving, money would flow into a more-accountable and transparent Malaysia and the stock market will wake up from the doldrums.