Ringgit and Bursa Malaysia are expected to be positive

PETALING JAYA: The ringgit and the Bursa Malaysia market are expected to register positive gains this week, after the results 15th General Election (GE15)according to analysts.

However, it depends if there is no major change from global factors.

Speak to Utusan Malaysia, UniKL Business School Economic Analyst, Prof. Associate Dr. Aimi Zulhazmi Abdul Rashid said, political stability is the main factor that gives confidence to investors whether foreign or domestic.

He said that the result of GE15 will have a direct impact on Bursa Malaysia and the performance of the ringgit directly, which is after the Malaysian political situation has become the focus of the world.

“Nevertheless, geopolitical and global economic factors still have a profound impact as a country that practices an open economy.

“Without major changes from global factors, the ringgit and the Bursa Malaysia market are expected to register a positive increase,” he said here yesterday.

He added that if an unstable government is formed, which is a coalition government, then the national political scene will still be like the situation after the last GE14.

“This instability has a negative impact on the national economy because the uncertainty of the direction continues to occur.

“Investors, both foreign and domestic, will continue to postpone their desire to invest in Malaysia until stability is found,” he said. – MESSENGER

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