RAM: Malaysian Securities Market to Remain Dull During June 2020

RAM Rating Services (RAM) has predicted Malaysia’s securities market to remain bearish during the rest of June 2020.

Despite the rise in foreign investment on the Malaysian securities market in May 2020 following three consecutive months of net outflows totalling MYR 22.4 billion, the trend changed at the beginning of June 2020 due to the increase in COVID-19 cases in the United States of America and the resulting impact on the global economy, according to RAM. 

The rating agency however stated that the recent Penjana stimulus package worth MYR 35 billion by the Government of  Malaysia has raised investors’ concerns about the wider fiscal deficit and debt levels. Accordin...