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Local capital market to stay volatile on foreign events: SC chairman
29 Mar 2022 | Tuesday The Sun Daily
The Malaysian capital market is expected to remain volatile, especially in the near term, due mainly to developments abroad.
Securities Commission Malaysia (SC) executive chairman Datuk Syed Zaid Albar said the capital market outlook is premised on a sustained economic recovery through the normalisation of businesses and services and the reopening of borders from April 1.
“The recovery will support corporate earnings and generate positive sentiment but is subjected to considerable uncertainties. Many external risks could upend the current expectations. For example, the ongoing conflict in Ukraine is one such risk driver as we have witnessed impacts already felt in the various market segments worldwide, especially in commodities.
