Stocks listed on Bursa Malaysia are poised for a “secular bull run” this year as market experts are already seeing signs through patterns of solid momentum growth outlook.
“We are finally witnessing the beginning of a secular bull market in Bursa Malaysia. This shift is significant because we have been stuck in a sideway market for over a decade. If I’m not mistaken, this stagnation dates back to when the market was around the 1,900 level,” he toldNazri pointed out that Bursa Malaysia-listed stocks offer a relatively high dividend yield compared to their counterparts in many other markets.
Nazri said credit must be given to Prime Minister Datuk Seri Anwar Ibrahim, who has gained recognition internationally, especially in the Middle East. He added that Anwar’s efforts in promoting the Malaysian stock market have attracted foreign investment, particularly from Middle Eastern funds, which is a positive achievement for the country.