Fresh layer of uneasiness hits the market

Bursa Malaysia is now caught in a downtrend having shed more than 20% from its record high of 1895.18 in April 2018. News surrounding uncertainty over the country’s leadership which broke publicly on Sunday has added a fresh layer of unpredictability.

MARKETS hate nothing more than uncertainty and that was shown in doses yesterday when the political turmoil mixed with the economic impact from Covid-19 sent stocks tumbling.

With the stock market a barometer of things to come, it certainly is not a pretty picture.