Post-Budget Week: Local Institutions Stayed On The Safe Side While Geopolitical Conflict Stealing The Spotlight

On 13 October, Prime Minister Anwar Ibrahim unveiled Malaysia’s biggest-ever budget of RM393.8 billion with a focus on fiscal reform coupling with further clarity on recent policies announced. It was during a weak regional market sentiment amid the outbreak of Israel-Hamas conflict on 7 October. In this note, we will examine the impact of both events on the trading performance during prebudget week (8-13 October) and post-budget (16-18 October) week.