very efficient market or something else ?
Published: Thursday May 28, 2009 MYT 10:11:00 AMUpdated: Thursday May 28, 2009 MYT 10:13:11 AM
Stocks lower; Q1 GDP worse than expected
KUALA LUMPUR: Stocks on Bursa Malaysia remained in the doldrum as the Kuala Lumpur Composite Index fell 4.8 points to 1,042.9 following news that the economy contracted 6.2% in the first quarter, worse-than-expected.
Similar trend is anticipated for the second quarter on the back of weak exports and uncertainty in the external environment.
Bank Negara, in its announcement yesterday, nonetheless, pointed out that the second half of this year was likely to see a recovery with the implementation of stimulus packages, coupled with access to financing, higher commodity prices and stabilising external factors.
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