1.) Our KLSE is a very small market, there are very small in term of market capitalization. 2.) All the shares quoted in KLSE are dirt cheap, many of them are less than USD10 cents in their share prices. 3.) The new rule to increase stamp duty rate to 0.15% with capping at RM1,000 is not a good move by the government. This will reduce the volume of transaction in KLSE especially to the traders. 4.) Big foreign funds may not be interested to invest in KLSE again because the stamp duty tax at 0.15% is very high.
KLSE is already ignored by many fund managers, this increase will make the situation worse. Thank you.
Still ok for big boys/institutions/operators as they are the main goreng kaki. Sure their goreng stamp duty exceed rm1,000.00 so makes no different to them. As long as big players goreng, market would maintain active. Of course not better than before. Market would be lacklustre if no big players/operators to goreng.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Posted by trading2019 > 2021-12-30 20:57 | Report Abuse
Tomorrow, KLCI gap up! Hahaha