A healthy pullback

As in the case of global stock markets, Malaysian equities have had a strong run from their multi-year lows in mid-March this year.

But as most investors have observed over the years, the market rarely keeps on moving up for so long without some form of downward correction, especially when there are still so many unresolved uncertainties affecting sentiment. This leads some analysts to argue that a pullback of the market in the near term is inevitable, and even necessary.