Sarawak election result of course put the uncertainty of political turmoil! Now we see that Harapan chances has totally hit bottom for coming GE15! It may signal return of the status quo! However, i think the focus is now on local chinese! Will local chinese finally return to MCA! Because if local chinese are not represented in the next administration, the 'tuan melayu' will certainly take deep root and that may spell the end of local chinese institutions! Like it or not, only MCA can ensure local chinese rights are protected from the ever taliban politicians we are facing today! Please be noted, there are not many moderate malay politicians nowadays! Only Tok Mat in Umno! The rest, like Khairy, are patron of 'tuan melayu'! And so, GE15 will be referendum for MCA! Shot the messenger! But remember, i warn you guys of what to come after GE15!
Having said that, it's up to PM Sabri to push local funds to support bursa by next week! I mean, even PNB alone can help relief the bear from bursa! Then you have EPF! It's totally up to PM Sabri! So watch if PM Sabri can do something with our capital market!
Foreign selling extends to fourth week at slower pace of RM348m, says MIDF
(theedgemarkets.com / December 20, 2021 09:20 am +08)
KUALA LUMPUR (Dec 20): Foreign selling of Malaysian equities extended for a fourth week, albeit at a slower pace, with the outflow narrowing to RM348.36 million last week versus RM383.76 million in the preceding week.
In its weekly fund flow report on Monday (Dec 20), MIDF Research’s Shahira Rahim said as the market reopened last Monday, local institutions and retailers were net buyers amounting to RM9.02 million and RM44.19 million respectively.
Meanwhile, she said, foreign investors were net sellers to the tune of RM53.21 million.
“Foreign investors were net sellers every day of the week. The largest foreign outflow was recorded on Tuesday, which came in at RM153.28 million.
“Retailers were net buyers every day of the week.
“The largest net buying by retailers was recorded last Monday (RM44.19 million). For the week, retailers net bought RM126.45 million worth of equities on Bursa [Malaysia],” she added.
Meanwhile, Shahira said local institutions recorded cumulative weekly net buying to the tune of RM221.92 million.
She said local institutions were net buyers for all days of the week.
“The largest net buying [occurred] on Tuesday to the tune of RM115.82 million.
“Since the beginning of 2021, cumulatively, retailers were the only net buyers of our equity market to the tune of RM12.44 billion.
“Local institutions and foreign investors were net sellers to the tune of RM9.31 billion and RM3.13 billion respectively,” she added.
Shahira said that in terms of participation, retail investors, local institutions and foreign investors recorded weekly movements of -4.93%, -0.59% and 15.11% respectively in average daily trade value.
Commenting on regional markets, Shahira said the majority of equity markets worldwide were in mixed territory due to: i) inflation concerns; ii) uncertainty over the Omicron variant of Covid-19; and iii) hawkish pivots by the US Federal Reserve which dampened investor confidence in the market.
“As for the local bourse, we reckon investor sentiment to remain jittery, hence, we expect the FBM KLCI to trend in range bound and hovering within the 1,490-1,505 range for the remaining of the week.
KUALA LUMPUR, Dec 23 — Malaysia is prime to join the growing number of countries that have had success taxing stock gains or inheritance wealth as both a revenue source and an effective redistributive mechanism, the World Bank said in its December’s Economic Monitor, contrasting views held by both government and Opposition politicians that the levy would spook the rich and trigger capital flight.
"Now it is impossible to find anyone who is bullish on emerging markets, which is a very sharp contrast from a year ago when you could not find a single person that was bearish," said David Hauner, a senior EM cross-asset strategist at BofA, calling 2021 a "disaster".
impossible to find anyone who is bullish on emerging markets ?
Inter-Pacific said that meanwhile, the lower liners and broader market shares could also make further headway, but the upsides are also likely to be measured due to the continuing lack of following.
“Therefore, most of these stocks are likely to remain broadly in a sideway trend for the time being,” it said.
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