Team USA ran away from Serbia for a 105-79 exhibition game victory on Wednesday in Abu Dhabi to improve to 3-0 on the team's pre-Olympics tour.
Where’s the buzz? Fewer visitors to Hong Kong’s Temple Street market as ‘Night Vibes’ campaign fizzles outPETALING JAYA: Bursa Malaysia is showing signs of renewed vitality, buoyed by increasing investor confidence and positive market sentiment.
Despite these gains, the research house said the market is still trading below its five-year average PE ratio of 16.9 times. Overall, Yee said the local market has been more vibrant, owing to the improving liquidity in the domestic market. Yee said while data centres may not require a large amount of labour, the influx of FDIs is pushing Malaysia into the limelight with many multinational corporations showing interest.
While acknowledging that, previously, overall fund flows were predominantly dictated by foreign investors, Yee said it is now apparent local institutions are taking over the reins. “This can play a significant role in laying a solid foundation for our market. The amount could be more,” he said, adding that the signs are positive.
On retail participation, Yee noted a steady trend hovering above the 25%-mark until early this year when a selective group of small caps experienced an abrupt selldown.“But given the improving liquidity spurred by the institutions, we believe retail participation should revert to normal,” he said. As for the construction sector, he said the positive outlook is driven by private sector jobs such as data centres and the RM10bil Mutiara light rail transit line in Penang, alongside major public infrastructure projects like mass rapid transit 3 and Pan Borneo projects.
Investorsentiment Stockmarketrally FBMKLCI Foreigninvestments Glicsstrategy Economicgrowth Retailparticipation
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