Macro issues weigh on Bursa Malaysia

Maybank noted however that the local market and other Asean benchmark indices as a whole had been relative outperformers on a year-to-date basis.

PETALING JAYA: While resilient external demand and strong banking sector fundamentals provide key support, the market will struggle to find traction in the face of broadening growth and earnings stresses.

Maybank Investment Bank’s research arm said this was due to negative revisions stemming from an interrelated combination of margin squeeze and weakening end-demand.