Access the Malaysian market at low prices on an award-winning platform.The Kuala Lumpur Stock Exchange (KLSE Malay: Bursa Saham Kuala Lumpur) dates back to 1930 when the Singapore Stockbrokers Association was set up as a formal organisation dealing in securities in Malaya.In 1937, it was re-registered as the Malayan Stockbrokers Association, but it still did not trade public shares. Trade over 400 Malaysian stocks and ETFs listed on Bursa Malaysia with Saxo. The Bursa Malaysia (MYX: 1818) or Malaysia Exchange, MYX previously known as Kuala Lumpur Stock Exchange (KLSE, Bursa Saham Kuala Lumpur in Malay) dates back to 1930 when the Singapore Stockbrokers Association was set up as a formal organisation dealing in securities in Malaya.In 1937 it was re-registered as the Malayan Stockbrokers Association, but it still did not trade public shares.AFTER the Philippines Stock Exchange Index, which is down 8.2% year-to-date, the FTSE Bursa Malaysia KLCI (FBM KLCI) is now the second worst-performing index in Asia this year with a year-to-date decline of 7.7%.
Shenzhen Stock Exchange (SZSE) and Bursa Malaysia Berhad (Bursa) have entered into a Memorandum of Understanding (MoU) to broaden opportunities in.One of the reasons for the underperformance of the local bourse is the relentless selling pressure that we have seen coming from foreign institutional shareholders.In fact, based on data that has been compiled since 2014, net outflows were recorded in seven out of the last eight years. Under the new set of commitments, the stock exchange regulator said. A subsidiary of Bursa Malaysia Berhad, is a futures and options exchange.For foreign investors, who are likely using the US dollar as their base currency investing in the Malaysian bourse, their year-to-date return in dollar terms is even larger at negative 12.9%, as the Ringgit is down by 5.2% so far this year.KUALA LUMPUR, Sept 22 Bursa Malaysia Bhd has identified eight initiatives, including an energy audit, to support its aim to become carbon neutral by 2022 and achieve net zero emissions by 2050 across its entire operations, in line with the global drive for decarbonisation. CME Group Strategic Partnership with Bursa Malaysia Derivatives Berhad (BMD).
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One solution is to have just 22 cabinet ministers in the government and an equivalent number of deputies. This CSA is a short-term measure to address the political impasse and the nation should go to the polls when the time permits.This could pave the way for reduced politicking and perhaps a unity government can be formed whereby major political parties are given government cabinet positions based on the number of seats held. He would then need to tender his resignation and so does his cabinet, and a new government will be installed.In accordance with Article 43(2)(a) of the Federal Constitution, which says the Prime Minister must be a Member of Parliament who in the judgment of the Yang di-Pertuan Agong, is “likely to command the confidence of the majority of the members of the (lower) House”.Here, it is hoped that once a new Prime Minister is chosen, he or she is given full support from all the members of Parliament to bring the country out of this predicament of the pandemic.Three, the sitting PM can extend an olive branch to the other side of the aisle by entering into a Confidence and Supply Agreement (CSA). Aside from this, Malaysia needs to regain back the political stability premium that it used to enjoy before GE14 as that premium provides can be a huge re-rating event.How could this be achieved? As the next Parliamentary session is set for early next month and the government has promised to table a vote of confidence on the current Prime Minister Sept 7, there can only be three potential outcomes.One is of course status quo, as the Prime Minister wins the vote and we could all return to the core issues related to running the country and tackling the pandemic.Two, if the PM loses the vote. Clearly, we have been left out of the global equity markets rally and we need to address issues that are plaguing not just the market as it is, but the nation as a whole.Last week, this column highlighted Environmental, Social, and Governance (ESG) issues that are perhaps a reason as to why the plantation stocks have underperformed the rally seen in crude palm oil.A fortnight before that, structural issues related to our low wage structure was also highlighted as a reason as to why Malaysia has been left behind. This is even lower than the May 2010 reading of 20.3% and five percentage points lower than the 25.2% print in May 2013.In fact, cumulatively, foreigners have net sold our equity market to the tune of RM73.2bil since 2014.Malaysia’s market’s de-rating is not mainly due to the current perfect storm that we are in, but it has been a continuous spiralling downward journey for some time.Malaysia is one market that used to enjoy a premium market valuation of about 15-20% when measured against other Asia markets, but today, that premium has turned into a discount of about 16%.One of the reasons for this drastic underperformance is due to the country’s risk premium as a result of perceived political uncertainty.
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