PETALING JAYA: Bank Negara’s stance that Malaysia’s economy will rebound from the second quarter has sparked much confidence in the market as investors seek new catalysts.
It was a much needed assurance by the regulator, as the FBM KLCI has only traded sideways with a decline of 1.24% year-to-date (y-t-d) due to factors such as the reimposition of the movement control order (MCO) in January that piled on the uncertainties over an economic recovery.
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