Sentiment remains soft ahead of key economic data

KUALA LUMPUR: Market sentiment stayed weak on Wednesday as investors remained anxious over domestic economic growth, the Melaka state elections and global inflation data scheduled for release later this week.

Malaysia's 3Q gross domestic growth result is due out this Friday, which would reveal the impact of the lockdown measures implemented in that quarter to the economy. The ongoing Melaka state elections are also adding to political uncertainty, which gives investors more reason to stay to the sidelines.