Speaking with StarBiz, Rakuten Trade Research vice-president Vincent Lau (pic) said the new circuit breaker acts as a “safety net” at a time when stock prices have increased tremendously over the past several months. This is necessary to ensure that the downside risks are limited, according to him.
PETALING JAYA: The exuberance in the Malaysian stock market over the past four months has led the barometer index, the FBM KLCI, to surge by nearly 32% from its multi-year low in March, amid the frenzy in small-cap stocks that was fuelled by strong retail investor participation.
While the broad-based rally has been much enjoyed by investors, there are concerns on how long the stock market party can be sustained.
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