I am shocked when i read the announcement in www.klse.my

I've been using klse.my for a while now for research. It provides me all the information needed and it is very easy to navigate. I really like this website especially its stock screener, company fundamental data and insider trading.

To me, bursa is taking a step backward by shutting good stock investment sites down. On one hand, it was talking about the lack of retail investor’s participation in Malaysia and trying to find ways to improve this situation, yet on the other hand, it is shutting free investment sites down. But at the same time, bursa closes an eye and letting sites that promote spurious stock pick services to continue.

I think bursa should support free investment sites that provide info for investors and help investors to make better investment decisions. Cause the more investor trade and success, then the higher the retail investor’s participation will be, which translate to higher revenue for the stock broking business and bursa.

Another thing I notice is that the information in the bursamalaysia.com website is unstructured and scattered all over the place. It take ages to search for info in the bursa website. Eventually most investors will give up using the bursa website for any research activities prior to investing.

Furthermore, it also raise a doubt whether bursa can actually put a price tag on the stock price data and company announcements? Bursa was supposed to be just a regulatory body to enable trading of company shares. The stock prices are driven by public supply and demand, and the company announcements are prepared and submitted by the listed companies themselves. How can bursa “privatise” the public info and make money out of it?

This certainly does not happen in other developed countries and markets. It will only drive away those website developers to leave Malaysia and instead create investment sites for other emerging markets in the region like Thailand, Vietnam, Indonesia and Philippines.

In the future, stock investment will become more globalize and borderless. If a market continues to close itself by implementing outdated rules from the 90s, and not supporting an ecosystem of investment sites and community, the investors community will just move on to other more open markets with more accessible tools and free market information.

Stock investors today are not stupid and do have choices on where to invest. Investing globally is just a click away. So go figure..