Up until June, the best-performing sectors were plantation and financial services theSun theSundaily SunBiz news KLCI bursa Malaysia business
In the fourth quarter, the FBM KLCI rebounded and showed some positive momentum with the appointment of a new government after the 15th general election.: Bursa Malaysia’s benchmark index, the FBM KLCI, went on a roller-coaster ride in 2022 due to multiple factors including global recession fears, monetary policy jitters, China’s zero-Covid policy, Russia-Ukraine war and, not to forget, domestic politics.
“Most markets had recorded double digit losses at the peak of the invasion. Fears of supply disruptions, especially within the commodity space, had enabled commodity exporting countries to record positive stock market gains,” it said. Up until June, the best-performing sectors were plantation and financial services, both of which were the favourites among foreign investors. The plantation sector was supported by strong commodity prices in the first five months of the year while the financial services segment is inclined to thrive in a rising interest rate environment.
“Year-to-date September 2022, the only sector that generated positive return is the financial services sector, a sector that is inclined to thrive in a rising interest rate environment,” it said.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
210,000 tandatangani petisyen mahu final Piala Dunia 2022 diulangMereka yang mahukan perlawanan ulangan menegaskan pengadil, Szymon Marciniak tersilap memberi penalti kepada Argentina, selain turut mendakwa Mbappe telah dikasari ketika Di Maria menjaringkan gol kedua pasukannya.
Read more »
Album/EP Terbaik 2022 pilihan RondivuAlbum yang memperaga julat bakat A. Limin, terutamanya dari segi komposisi lagu. Satu lonjakan dari album Adam (2019) apabila komposisi lagu-lagu mereka kali ini lebih eksperimental dan dalam masa sama, lebih ringkas.
Read more »
Cuban Catholics look to eventful Christmas 2022Herald Malaysia - daily news source with Malaysian and Global coverage of the Catholic Churches. Catholic News,World Christian News, Malaysia Church News
Read more »