Little impact on stock market with reduction in stamp duty rate, says economist

KUALA LUMPUR: Lowering the stamp duty rate for shares traded on Bursa Malaysia Securities, as announced by Prime Minister Datuk Seri Anwar Ibrahim, will have very little impact on the stock market as structural problems persist in listed companies, says an economist.

Malaysia University of Science and Technology Research and Innovation provost Prof Geoffrey Williams said any reduction in transaction costs will be welcomed by investors, but the simple fact is that companies on Bursa Malaysia are “not attractive”.