Local equity market is on positive track, says Bursa CEO


KUALA LUMPUR: The local equity market is on a positive track, especially for the small and mid-cap stocks, despite the current sideways performance of the FTSE Bursa Malaysia KLCI (FBM KLCI).

Bursa Malaysia chief executive officer Datuk Muhamad Umar Swift said the short-term sell-off was due to various reasons, including global uncertainties created by the ongoing US-China trade war.

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