Monday, 2 Aug 2021

Surge in appetite for risk on Bursa Malaysia despite Covid-19-hit economy

KUALA LUMPUR – A month into Malaysia’s Movement Control Order (MCO), during which economic activity came to almost a standstill, software business owner Ariff Azraai was saddled with a mountain of bills.

As clients were deferring projects and payments, the 28-year-old took the decision to cash out unit trusts, which he expected would tank with the impact of the Covid-19 pandemic on the economy.

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