MH370 loss was not a factor influencing the stock price drops on Bursa Malaysia

 

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External factors , and not the loss of Malaysia Airlines ( MAS ) MH370 , which have influenced the decline in share prices on Bursa Malaysia .

External factors , including the uncertainties of China's economic growth and the ongoing political problems in Ukraine .

Head of Investment Strategy and Chief Economist AMP Capital Investors Dr Shane Oliver said most global stock markets declined last week due to the issue and do not be surprised to see the Malaysian stock market also experienced it.

" While the news is focused on the missing aircraft , the Kuala Lumpur Composite Index ( KLCI ) declined only 1.5 percent, while other Asian markets actually registered a significant decline , " he said.At the close on Friday, shares of Malaysia Airlines gained half a sen to 24 sen .

Oliver was responding to a question whether the loss of the aircraft has affected the Malaysian stock market last week.

"Overall , Malaysia is in a good position in the face of a not so good week for global stocks ." We may see choppy trading next week on KLCI . But this again may be due to the pressure of global powers , including weakness in the shares in the United States and Europe , caused by concerns about Ukraine , " he said.

MH370 aircraft carrying 227 passengers and 12 crew to Beijing lost about an hour after taking off from Kuala Lumpur International Airport at 12:41 am on Saturday.

The plane was supposed to land in Beijing at 6:30 am the same day.