Healthy market correction despite losses


Market liquidity: A pedestrian passes the Bank Negara building in Kuala Lumpur. The central bank has kept interest rates low in a bid to spur economic momentum.

PETALING JAYA: The local stock market continued its losing streak led by falls in glove stocks as investors took profits after a significant rally since March this year.

But analysts have shrugged off the “correction” and expect the market to continue with its upward momentum soon.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

market , correction , Fed QE , interest rates ,

   

Next In Business News

Main Market-bound Feytech holdings aims to raise RM114.66mil from IPO
Asian equities slip on Fed decision; Indonesia drops as inflation rate eases
TA Investment declares distributions for two funds
Yinson Production completes US$1.3bil project financing for Agogo FPSO
ACE Market-bound Smart Asia chemical aims to raise RM37.4mil from IPO
Pandora raises full-year forecast on strong U.S. sales
Anwar: Microsoft's new US$2.2bil investment is its largest single investment in Malaysia
Shell beats expectations with $7.7 bln first-quarter profit
Asia stocks rise as Fed tamps down hike fears; yen leaps
Standard Chartered Q1 profit rises 5.5%, beats estimates

Others Also Read