MIDF expects further selling pressure in FBM KLCI as Covid-19 impact manifests

MIDF expects further selling pressure in FBM KLCI as Covid-19 impact manifests

Malay Mail Online - Money·2020-07-14 15:01

In line with global markets, the FBMKLCI recovered strongly in the second quarter this year (2QCY20), with the main driver being liquidity and increased participation of retail investors. — Bernama pic

KUALA LUMPUR, July 14 — MIDF Research expects another wave of selling pressure to emerge in the local equities market, albeit moderately, as the real extent of economic and corporate earnings impacts of Covid-19 manifests.

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