AmInvest Research continue to like N2N due to its leading position in the online trading solutions space.
SINGAPORE: Malaysia’s stock market will become more volatile after Tun Dr Mahathir Mohamad won a stunning victory in the nation’s elections, ending Datuk Seri Najib Tun Razak’s rule.
“We cannot rule out this raises the interest level for foreign investors (typically underweight the market) anticipating change,” analyst Aarti Shah wrote in a note.
Foreign investors have already been piling into the Malaysian stock market ahead of elections with over $600 million in flows, according to Bloomberg data.
After hitting a record high in April amid an increase in foreign inflow, Malaysia’s benchmark FTSE Bursa Malaysia KLCI has gained 2.8 percent this year.
The iShares MSCI Malaysia ETF, known as EWM, dropped 6 percent to US$32.42, the lowest since December, as trading volume jumped.
The NEXT FUNDS FTSE Bursa Malaysia KLCI ETF
incorporated in Japan fell 2.1 percent. - Bloomberg
