Foreign capital inflows to bolster market, says Rakuten

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The growth momentum is also anticipated to continue into the following year.

He said the growth momentum is anticipated to continue into the following year, with the barometer index likely to be more stable than it was this year.

Yee noted that for this year, even though there was still uncertainty in the market, coupled with the implementation of the prosperity tax , the corporates had managed to record good earnings growth. The healthcare sector, especially rubber glove companies, still has a lot of uncertainty, he said, adding that fundamentally, things are still not that positive.

With the rollout, investors can now trade in either the ringgit or the US dollar at low brokerage rates of RM7 to RM100 or US$1.88 to US$25, respectively.

 

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