Budget likely to determine direction of stock market

“The budget could most likely be the major determinant on local market direction, as it offers clues on key priorities and initiatives for the new government,” said Tradeview Capital chief investment officer Nixon Wong.

PETALING JAYA: Bursa Malaysia’s defensive qualities and policy trajectory from Putrajaya will ensure local factors dominate in how Bursa Malaysia performs in 2023, barring major macro shocks.

With the political backing for the unity government now more certain, analysts’ sights are now fixed on the re-tabling of Budget 2023.