The picture above came from NST but despite touching on investors confidence, strong corporate earnings and economic background, and foreign fund inflow, their report headline was rather hesitant and subdued yesterday: Malaysian stock market remains attractive to foreign investors
Malaysia Digest hit a better note with the headline: Malaysia Stocks At An All-Time High Ahead Of Elections. They highlighted on the big fuzz over the US threat of a trade war against China, extract below:
Economic growth of 5.9 per cent last year, which was the fastest pace since 2014, was also achieved through the strengthening of private and government investments.Bloomberg, whose been hinting of foreign investor interest on April 10th, is now practically screaming rally: Malaysia Stocks Hit Record as Foreigners Buy Ahead of Elections.
“We’ve got an election coming up and actually the economic data for Malaysia has been quite good recently. Things like exports have been strong and relatively insulated from a potential trade war.
“Five years ago it was like a dirty word but now there’s more investor interest,” Jim McCafferty, head of Asia excluding Japan equity research at Nomura Holdings Inc. said in an interview in Hong Kong.
Before any shallow pro-Tun claim Bloomberg taking dedak, some are already making claims it is on on expectation of the return of Mahathir and his bevy of big wig market riggers. Then it is not dedak but carrot.
Underground talk is saying his backers of gambling taukehs are trying to sway Chinese voters using illegal gambling. Quite sure, no names need mentioning as it is as easy as ABC to figure it out.