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%

Indonesia Berita Berita

Indonesia Berita Terbaru,Indonesia Berita utama

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.

Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 5. in İD
 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.

Indonesia Berita Terbaru, Indonesia Berita utama