Politics weighs on market outlook

TheStar Thu, Aug 05, 2021 07:10am - 2 years View Original


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PETALING JAYA: Incessant political squabbles are raising the Malaysian stock market’s risk premium and experts say the continuation of such noises will weigh down any upside in the market.

With Prime Minister Tan Sri Muhyiddin Yassin insisting yesterday that he will not resign unless his fate is tested in a no-confidence vote to be tabled in September, this means political uncertainties will prolong for at least another month.

The announcement by the Prime Minister came at a time when market sentiment was already suffering from the threat of high Covid-19 cases, the extremely long movement restriction period and weak economic conditions.

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