AmBank Research expects market volatility to remain intense

As for Malaysia, the ongoing political scenario would continue to weigh on the markets with Tun Dr Mahathir Mohamad now acting as the interim Prime Minister. “As the interim Prime Minister, there will be no time frame for how long he can be the prime minister. With all the powers attached to the office of the prime minister, it includes being able to appoint cabinet members if he chooses to do so, ” it pointed out.

KUALA LUMPUR: AmBank Research expects volatility on Bursa Malaysia to remain strong driven by the global spread of the Covid-19 coronavirus and the collapse of the Pakatan Harapan (PH) government.

In its strategy report on Tuesday it said on the global front, the spread of Covid19 outside China is expected to further raise fears with investors dumping global equities and other assets perceived as risky in favour of safe haven assets.