THE raging bulls that have powered the uptrend momentum in the stock market are now in hibernation mode after an impressive speculative run that was fuelled by ample liquidity which brought retail investors back to the market.
A race, no matter how intense, will eventually lead to the finish line and this has seen retailers toning down on their aggressiveness on the local bourse in the final quarter of the year when uncertainties took centre stage. There was the end of the six-month moratorium, Malaysia’s political uncertainties, the upcoming United States presidential election and the root of the chaotic 2020 – the Covid-19 – which is evoking a third wave with the rising number of cases.
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