Bank Negara said the imposition of stricter containment measures amid rising Covid-19 cases domestically led to further concerns over the economic outlook and increased risk aversion towards domestic financial assets. “Consequently, the FBM KLCI declined by 1.1% and the ringgit depreciated by 0.8% against the US dollar, ” it said in a statement yesterday.
KUALA LUMPUR: The domestic financial markets were affected by both domestic and external factors in May, while investor sentiment was affected by the uncertainty surrounding the course of the pandemic in the region, Bank Negara said.
It said the imposition of stricter containment measures amid rising Covid-19 cases domestically led to further concerns over the economic outlook and increased risk aversion towards domestic financial assets.
Limited time offer:
Just RM5 per month.
