CGS-CIMB Research said the market is likely to weaken or stay sideways due to corporate earnings and political uncertainty risks.
KUALA LUMPUR: Political uncertainties, rising Covid-19 cases and the impact of the strict restrictions during the enhanced movement control order (EMCO) will weigh down Bursa Malaysia, CGS-CIMB Equities Research says.
In its strategy note on Friday, it was concerned that opposition MPs are likely to seek to table a vote of no confidence against Prime Minister Tan Sri Muhyiddin Yassin in the upcoming parliament session.
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