Malaysia to set up mercantile exchange
The plan aims to deepen the domestic capital market of Malaysia, says OCBC Treasury Research.
OCBC Treasury Research noted:
In an attempt to deepen the domestic capital market, PM Najib announced plans to set up a mercantile exchange within the next 12 months to allow trading in gold futures and other precious metals.
Additionally, an electronic trade platform will also be formed to allow fund-raising for non-listed firms.
Meanwhile, on the data front, June inflation came in at 1.6% yoy, slightly lower than our expectations of a 1.7% showing.
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