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Contradicting statements from US fray investors’ nerves
The local bourse has already reached full valuation, but huge liquidity will help cushion downside
KUALA LUMPUR: Stocks on Bursa Malaysia managed to close off their day’s low Friday on some mild bargain hunting despite the weaker emerging bourses which were impacted by the overnight tumble on Wall Street.
KUALA LUMPUR: MIDF Research is cautious about Bursa Malaysia as the second downward thrust or fallout phase, may later emerge, possibly in the third quarter, as the fuller extent of economic and corporate earnings impact of Covid-19 become manifest.