King’s decision not to declare emergency averted likely sell-off on Bursa

“The King’s advice for MPs to not continue with any irresponsible action that could undermine the stability of the current administration could quiet political noise in the near term," CGS-CIMB Research said.

KUALA LUMPUR: The King, Sultan Abdullah Sultan Ahmad Shah’s decision not to declare an emergency is a major relief to the market as such a declaration would shake the confidence of consumers, businesses and investors in the country.

CGS-CIMB Equities Research, had in its strategy report issued on Monday, stated that a declaration of an emergency would lead to lower growth prospects for the country and corporates.