The upcoming Parliamentary election footsteps are getting louder, signalling to Malaysians to get ready to perform their honourable duty once in every 5 years.
Pak Lah would not hint to it since election date is very much a strategic play, keeping opposition parties in the haze.
Election date has therefore been traditionally a guesswork. Presently, if you have nothing to tip you off, then just follow Bursa Malaysia's Composite Index for an indicator.
Our share market reacted strongly to election speculation historically. This is commonly refered to as election-driven run in the absence of fundamental forces.
Bursa Malaysia bucked the trend in the past few days, pushing the CI to surpass 1500 points in a speculative drive amid lacklustre performance in most of the world markets.
We noted influx of hot money (short-term speculative funds) as evidenced by strengthening of our Ringgit against greenback. There is plenty of speculative drive in reaction to election druming-up.
The frenzy run calls for cautions for investors who are quick-profit motivated. If you really wish to jump on the bandwagon, then look for counters which are politically conceptual.
I wish you all the best.
Sibu Tales : Wells
2 weeks ago