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The past few days of very strong gains on the KLSE are bringing back smiles on the faces of stock market investors. With renewed interest and optimism in the market, punters are steadily trooping into the viewing galleries of stockbroking houses again, to share 'hot' tips and talk about the gains to be made.
The KLSE has performed pretty much up to expectations in the past few weeks and although it is still a laggard compared to almost all the other regional markets, is up some 6% for the year to date. What is the outlook for the rest of 2003, now that most of the major uncertainties, both local and international, seem to have cleared. Starbiz chaired by senior editor (corporate) David Chow, organised a roundtable discussion by panellists comprising Surf88.Com.Sdn Bhd chairman Lee Siang Chin, Mayban Investment Management Sdn Bhd CEO and director Amin Rafie Othman, CIMB head of equity markets and derivatives Kok Kong Chin , AmResearch Sdn Bhd executive director Gan Kim Khoon and KAF Research Sdn Bhd director Lucy Ng.
INVESTMENT fund managers have responded positively to the news that the government, as part of a drive to attract more foreign fund managers to the KLSE, may match overseas funds invested in the local market with an equivalent amount for them to manage.
AN AMBITIOUS plan to attract foreign funds to the KLSE, with the government or government-linked institutions matching ringgit for ringgit all investments by foreign fund managers in the capital market, could be rolled out within the next six months.
Philippine shares released some steam Wednesday, snapping a five-day winning streak and closing mixed as investors cashed in recent gains in select blue chips.
RESORTS World Bhd share price has surged more than 28% or RM2.15 from its recent low of RM7.55 posted in April when many were dumping the shares amid worries over the impact of Severe Acute Respiratory Syndrome (SARS) outbreak on the company#039;s earnings.