To the extent from this month movement, we can say that the FBM-KLCI still in their downtrend movement. As we can see there are more and more counters are creating new low. Lately we can monitor some of them have started to crawl up bit by bit. This is not an healty market at all. The reason behind this secenario was the uncertainties in European region and this upcoming 13th General Election that will be held this year.
But the main reason behind all these bad sentiments were the up coming 13th General Election. The longer our Government drag the up coming 13th General Election, our Malaysian share market will suffer the most. The Malaysian share market will suffer till the result of the up coming General Election is announce and who will lead the present Govenment.
There are so many uncertainites surrounding the Malaysia political enviroment with recently Bersih 3.0 was being held on 28.04.2012 and it has cause some few damages in term foriegn investors confidence. Not only the foriegn investors but it have also causes lots of cancellation tour in our toursim industries.
The purpose of Bersih 3.0 and Lynas demo were good but if things were getting out of control then it will cause lots of damages. With so huge and big turnout on the street, I don't think so that the cabinet or the government of Malaysia can deny that this rally never took place. They will sure examine what are the clauses in Bersih 3.0 manifesto and try their best to retify it.
Bersih 3.0 are telling lots of people in Malaysia that they are going for a peaceful rally but in the end the outcome just the same as what has happen in other country as well. From a peaceful rally turn into street violence rally. We as an investors in Malaysia support peaceful rally and we are against any rally that turn into violence.
I do hope that the main organiser, Dato Ambiga will understand the situation and do hope she fight for a better future in our Malaysia but not with the cooperation with any political parties in order to acheived their dirty goals in politics.
5 comments:
You made some good points .I did a little research on the topic and found that most people agree with your blog. Thanks.
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Politics always trumps economics when it comes to the stock market!
nice posting.. thanks for sharing..
suprise many support you view, of course politic uncertainty is not welcome on any economic , but look at korean, whereas once a while is world street demonstration centre and look at today their economic , their samsung. taiwan and hk is good example, demonstration not necessary to be violence. I know most business man is unwelcome of any change on politic, but as a malaysian whereas 54 yr under same rulling psrty whereas one of the world country whereas never encounter changing in rulling party. look at today malaysia currency. Lately exchange to sgd can hit more than 2.5 vs 1. Looking at weak economic, i am worry ahout my epf, saving anf etc. Why you sound like those maintstream.
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