There is never any shortage of financial market news, as this is the hub of the economy. However, the latest news in this industry revolves around the impact that the coronavirus pandemic is having on the market.
It is impacting Malaysia just like it is in almost every other country.
As countries all over the world saw markets drop, traders in Malaysia came to the decision in Mid-March of 2020 to keep the Malaysian capital markets open. This was in spite of a partial lockdown that was to last for two weeks.
This decision by market regulators was reached even though the lockdown, which included the markets, was made in order to prevent a total market collapse.
The move was based on the fact that it would allow those who invest to be able to maintain some control over their investments. It was assumed that shutting down the markets would be of no value in addressing the cause of the situation.
It was further believed that investors should be able to have access to their investments.
Those with the authority to make the decision were of the mind that they would be able to oversee any developments that may take place. If these were to occur, then they would be able to implement some measures by way of precautions.
Not Everyone Agrees
Although many agreed with the decision to keep the market open, not everyone in the market industry agreed. For example, the chairman of the Stockbroking Companies Association did not agree with the move, and felt that all trading should be halted.
However, this was his personal opinion and not that of all Association members.
What everyone can agree on, however, is that the stock market has never fallen as low as it has in recent weeks since 2009.