Nomura bullish on M’sian equities

NAM Malaysia director Atsushi Ichii said despite ongoing market volatility, the overall outlook remains supported by expectations of continued economic growth.

KUALA LUMPUR: Malaysia’s equity market outlook remains optimistic, reflected in the strengthening of the ringgit, says global asset management firm Nomura Asset Management Sdn Bhd (NAM Malaysia).

NAM Malaysia director Atsushi Ichii said most of the funds under management are denominated in ringgit and are largely supported by ringgit-based investors.