This came as a second blow to Malaysian bonds as Norway’s sovereign wealth fund had announced a cutting back in emerging market bonds on April 5. More positive external factors seemed to have taken a back seat in light of the potential impact on the local market. Losing 8.56 points in midweek, the local index saw its most heavily weighted counter Maybank falling 21 sen to RM9. Bursa Malaysia remained opened on Good Friday and the index rebounded 2.34 points to close the week at 1,622.07. However, further negative catalysts could see the index return to the 1,609 support, a stiff support that looks unlikely to be breached at the present time.

Source: The Star April 20, 2019 02:15 UTC