Cash Squeeze Looms For Malaysia S Frenzied Amateur Stock Traders


Shares of glove makers have seen a meteoric rise in the wake of the Covid-19 pandemic.KUALA LUMPUR: Forced to stay home when Malaysia imposed the Covid-19 movement control order (MCO), Victor Yap sat in his living room, listening carefully to a March 27 speech by Prime Minister Muhyiddin Yassin
As Muhyiddin presented the details of the government’s stimulus package, one thing in particular caught the eye of the 35-year-old property valuer from Kuala Lumpur: a six-month moratorium on loan repayments. Realising that the relief measure was set to leave him with spare cash given his two mortgages, Yap decided he would put the funds into shares
“At first, I thought the extra cash would barely help me survive these tough times, but then I saw everyone jump into the stock market and make big money,” he said by phone. “I also jumped in and did well. It was better than just surviving.”Now, with the moratorium set to lapse at the end of September, the father of two is one among hoards of individual investors looking to drop out of the market – a move that is threatening the benchmark equity index’s rebound from March lows and could further sap trading volumes, which surged to a record in August
“The only way was all in, but now I have to go all out to return to normal life” and prepare to resume loan repayments, Yap said
While stimulus measures and stay-at-home orders owing to the pandemic have seen amateur investors storm equity markets the world over, the retail frenzy has been particularly prominent in Malaysia. The boom in investing by newbies has also been a factor behind the meteoric rise in shares of glove makers and the recent surge in little-known Malaysian jewellers, with several of these stocks climbing more than 400% since the start of the year
Yap said he used a part of his spare funds “to ride” the rally in glove makers. Some stocks in this space count among the world’s top performers this year, and their eye-popping gains have changed the contours of the broader Malaysian market
The top three glove makers have added about RM100 billion in combined market value in 2020, with Top Glove Corp still the biggest gainer on the MSCI Asia Pacific Index. About US$1 of every US$10 invested in Malaysia’s stock market is a bet on gloves – a feat that makes the a play on global hygiene, much like South Korea and Taiwan are for semiconductors
“Cash in hand will be reduced substantially the moment the moratorium is over and they have to start paying off their loans,” Tee Sze Chiah, head of retail research for Malaysia at Maybank Investment Bank Bhd, said referring to individual investors
“I hope so, but I don’t think so,” he said, when asked if the rally in Malaysian stocks would sustain
He expects trading volumes. which reached an all-time high of 27.8 billion shares on Aug 11, to drop in the months ahead
Hold cashIn fact, volumes have already waned sharply in recent weeks, and price trends also suggest that the frenzy in Malaysian stocks is losing momentum. While the benchmark FTSE Bursa Malaysia KLCI Index is still up nearly 25% from its March low, the gauge has fallen almost 6% since reaching its 2020-high on July 29
Brokerages are turning cautious also because Malaysia’s stock exchange is preparing more measures to curb excessive speculation on share prices and ensure orderly trading following the surge in transactions
Investors would be better placed if they hold a high portion of cash, as well as dividend stocks and those in the consumer staples sector, said Danny Wong, chief executive officer at Areca Capital Sdn. - FMT

Artikel ini hanyalah simpanan cache dari url asal penulis yang berkebarangkalian sudah terlalu lama atau sudah dibuang :

http://malaysiansmustknowthetruth.blogspot.com/2020/09/cash-squeeze-looms-for-malaysias.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MalaysiansMustKnowTheTruth+%28Malaysians+Must+Kn

Kempen Promosi dan Iklan
Kami memerlukan jasa baik anda untuk menyokong kempen pengiklanan dalam website kami. Serba sedikit anda telah membantu kami untuk mengekalkan servis percuma aggregating ini kepada semua.

Anda juga boleh memberikan sumbangan anda kepada kami dengan menghubungi kami di sini
Two Year Rental Waiver For Traders

Two Year Rental Waiver For Traders

papar berkaitan - pada 4/9/2020 - jumlah : 363 hits
Shafie presenting a plant to a recipient of the Agriculture Input Assistance SANDAKAN Caretaker Chief Minister Datuk Seri Panglima Shafie Apdal has announced all rental fees for night market morning market and food truck operators to be
Vivo Collaborates With Malaysia S Pride Shila Amzah To Produce A Unique Theme Track For Kita

Vivo Collaborates With Malaysia S Pride Shila Amzah To Produce A Unique Theme Track For Kita

papar berkaitan - pada 3/9/2020 - jumlah : 584 hits
Hi Everyone Shout out to all Shila Amzah s fans Be prepared to be graced by the euphonious voice of the very own Malaysia s Pride Shila Amzah in the few upcoming weeks This Merdeka vivo Malaysia is determined to enliven the spirit of patrio...
Malaysia Airlines Offers Fixed Fare Deals For Economy Class

Malaysia Airlines Offers Fixed Fare Deals For Economy Class

papar berkaitan - pada 7/9/2020 - jumlah : 240 hits
Malaysia Airlines Bhd is offering customers more reasons to travel with its latest fixed fare deals on all economy class seats to domestic destinations as demand for domestic travel starts to show a positive trend From Sept 8 to 13 customer...
Online English Classes For Kids And Teens At British Council Malaysia

Online English Classes For Kids And Teens At British Council Malaysia

papar berkaitan - pada 9/9/2020 - jumlah : 560 hits
Hi parents did you know that your kids can now attend English classes at the British Council online With existing infrastructure and materials to conduct online lessons British Council was quick to put together online classes for their stud...
As Sabah Poll Looms Perikatan Linked Parties Seen Paying Price For Silence Over Pas Man S Bible Remarks

As Sabah Poll Looms Perikatan Linked Parties Seen Paying Price For Silence Over Pas Man S Bible Remarks

papar berkaitan - pada 8/9/2020 - jumlah : 290 hits
While debating the Road Transport Bill 2020 to propose heavier fines for drink driving offenders Nik Zawawi asserted that the Bible has been perverted or corrupted Picture by Hari AnggaraKOTA KINABALU Sept 8 PAS MP Nik Muhammad Zawawi Salle...
Vivo Malaysia Engaged With Malaysian Personalities For A Bespoke Hands On Experience With X50 Series

Vivo Malaysia Engaged With Malaysian Personalities For A Bespoke Hands On Experience With X50 Series

papar berkaitan - pada 9/9/2020 - jumlah : 303 hits
Hi Everyone Since its first inception in Malaysia in 2016 vivo has always adhered to the consumer oriented approach in developing innovating products that allows consumers to relish personalised experience and services Rather than focusing ...
Malaysia S Myhsr Calls For Tenders To Appoint Consultants For Kl Singapore High Speed Rail Project

Malaysia S Myhsr Calls For Tenders To Appoint Consultants For Kl Singapore High Speed Rail Project

papar berkaitan - pada 1/9/2020 - jumlah : 292 hits
KUALA LUMPUR MyHSR Corporation nbsp launched on Wednesday nbsp two tenders to procure the services of consultants to assist with regulatory submissions nbsp in relation to the Kuala Lumpur Singapore High Speed Rail project This com
In Sabah Poll Frenzied Race For Kadazandusun Vote Could Give Community Chance To Call The Shots

In Sabah Poll Frenzied Race For Kadazandusun Vote Could Give Community Chance To Call The Shots

papar berkaitan - pada 13/9/2020 - jumlah : 268 hits
Prime Minister Tan Sri Muhyiddin Yassin delivering a speech in a gathering before the nomination process for the Sabah state election at Tuaran Parti Pribumi Bersatu Malaysia office September 12 2020 Also present is Perikatan Nasional candi...
Senarai Top 5 Dan Pemenang Anugerah Bintang Popular Abpbh 36 2024

Top Low Investment Startup Ideas

The Malays Like To Hoist Heavy Rocks On Their Heads For No Good Reasons

Aina Abdul Bintang Paling Popular 2024 Ini Keputusan Penuh Pemenang Abpbh36

Bertahun Bayar Tapi Hutang Tak Berganjak Lelaki Ini Kongsi 3 Cara Pendekkan Hutang Rumah 12 Tahun Setel

T Ganu Kreatif P Pg Lebih Keatif M Sia X Kreatif Melayu Berang

Festival Of Drum And Percussion Malaysia Bakal Berlangsung 7 Disember 2024

Akibat Mengalah


echo '';
10 Fakta Biodata Pelakon Fazura Bekas Isteri Fattah Amin Foto Dulu Sekarang

ABPBH 2024 Keputusan Pemenang Calon Top 5 Anugerah Bintang Popular Berita Harian 36 Siaran Live Di TV3 Tonton 11 Oktober

5 Individu Termuda Bergelar Graduan Universiti di Dunia

Info Dan Sinopsis Filem Telekinesis 2024 Arahan Syafiq Yusof Kini Di Astro First

Resepi Cheese Tart Paling Gebu dan Kemas Senang Dimakan Bila Separuh Montok


Syipc Memperkenalkan Mekanisme Baru Untuk Memastikan Cadangan Aman 100 Meningkatkan Kepercayaan Pengguna

35 Inspiring Leadership Motivational Quotes

Seorang Maut 2 Selamat Bangunan Runtuh Di Melaka

Kecoh Rupa Rupanya Walaun Yang Sertai Larian Lgbt Di Johor

Masih Ada Yang Degil Pasang Papan Tanda Bukan Bahasa Melayu

Belanjawan 2025 Harap Peruntukan Ahli Parlimen Sokong Pmx Kekal