The 13th General Election fever is now over and I believe many are now suffering what I call an election hangover. Unless there is a re-election, there will not be anymore mega ceramah, free dinner & handouts or mega concerts for Malaysians to go to every night. To some, it is back to the day to day routine, some are still celebrating (BN supporters) and to some are depressed and saddened by the outcome (Pakatan supporters).
For many investors, fears of the Bursa Malaysia Index suffering a dip due to uncertainty were laid to rest as the ruling coalition maintains its position for another 5 years. Investors whom have stayed invested and held on to their shares and unit trust before election are beaming ear to ear as the Bursa gained 57.25 points (+3.38%). Leading the gains were companies that were expected to be scrutinized if the Pakatan were to form the federal government such as financial giant, CIMB adding 74cents (where the CEO is our PM's brother), gambling giant, Genting adding 67cents and gas producer, Petronas Dagangan adding 106 cents.
Read the rest of the post
HERE