KUALA LUMPUR: The Amanah Saham Bumiputera income distribution to unitholders for the financial year ending Dec 31, 2023 was higher compared with the previous year due to the better performance in several local sectors and the global investment climate.
Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said local sectors such as property and construction as well as medium and small capitalised companies had recorded satisfactory performance and contributed to the increase in ASNB’s income. “The Property and Construction Indices showed a rise of 33.1% and 23.5%, respectively, while the FBM Mid 70 and FBM Small Cap recorded an increasing trend of 11.6% and 8.6%,” he told Bernama.
“The key global indices recorded a significant increase. For instance, the S&P 500 and Nasdaq Composite rose 22.4% and 41.2%, respectively. Hence, this provided strong support to the investment performance of ASB,” he said.“Nevertheless, the anticipation of interest rate cut by the US Federal Reserve is expected to boost the market.