Bursa rebound reassuring, but still work in progress, says Najib

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Bursa Malaysia has gained some 70 points since Muhyiddin Yassin resigned, says Najib Razak.PETALING JAYA: Despite the reassuring performance of Bursa Malaysia since the resignation of former prime minister Muhyiddin Yassin and his Cabinet, Najib Razak says there is still much to do if investor confidence and the economy are to properly recover.The former prime minister said the jump of about 70 points in the KLSE-FTSE index since the fall of the previous government reflected the hope of investors that policies and their implementation will improve under the next administration.However, he said investor confidence and economic recovery would be “stunted” if Covid-19 cases cannot be lowered enough to reopen the economy and aid is not provided to embattled traders in need of capital and cash flow.“As long as new cases are high, many foreign and local investors will not dare inves…