Big is beautiful in Malaysian stocks as foreign funds return

  • 📰 fmtoday
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 72%

مصر أخبار أخبار

مصر أحدث الأخبار,مصر عناوين

While more than US$3 billion has left the nation since the election in May last year, overseas funds have been returning to buy a net of US$61.4 million Malaysian stocks in July. FMTNews

An index of the nation’s small stocks has gained 20% this year compared with a 3.6% decline in the FTSE Bursa Malaysia KLCI Index tracking the biggest 30 companies.

Investors from Manulife to Areca Capital expect Malaysia’s large firms to benefit from clearer policy direction after a year of public reforms and project reviews. The benchmark KLCI could gain about 10% from Friday’s close, he said, adding that “large caps would do good in the second half, even if small ones don’t.”

The near-unanimous vote to pass a bill on the minimum voting age shows that “the investment case is becoming more attractive,” Tan said, adding that he’s been adding to his holdings of the country’s stocks.

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 5. in EG
 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

مصر أحدث الأخبار, مصر عناوين