Better quarter seen for equities on impending budget, elections

Analysts, although initially confounded by the sudden downward move in these technology stocks, said it was not such a surprising thing after all in hindsight. However, they were not so sure if the correction would sustain itself in the coming days or if it would be a buying opportunity.

PETALING JAYA: After an unexciting third quarter on the back of relatively mixed market developments, investors should start capitalising on any weaknesses in the market to position for stronger upcoming quarters for equities, say analysts.

The impending Budget 2018 to be announced on Oct 27 could also provide a boost to investor sentiment before the 14th general election that needs to be called latest by August next year.