The RM1 trillion headline has spooked the market. As most stocks fell, Wong believes there are pockets of opportunities and value emerging for some sectors such as banking, a proxy to a stronger economic growth, which is expected. Meanwhile, foreign investors continued to sell their holdings with a net sell of RM286.8 million yesterday. E-government solutions provider My EG Services Bhd fell 2.1% yesterday at 91.5 sen. My EG has fallen 64.5% since just before the 14th general election. “I think the RM1 trillion debt is just being highlighted to manage expectations.

Source: The Edge Markets May 24, 2018 00:56 UTC