{"id":3564,"date":"2012-08-15T01:48:38","date_gmt":"2012-08-14T17:48:38","guid":{"rendered":"http:\/\/www.nbc.com.my\/blog\/?p=3564"},"modified":"2024-11-01T11:07:19","modified_gmt":"2024-11-01T03:07:19","slug":"bursa-to-rise-on-budget-2013","status":"publish","type":"post","link":"https:\/\/www.nbc.com.my\/blog\/bursa-to-rise-on-budget-2013\/","title":{"rendered":"Bursa to rise on Budget 2013"},"content":{"rendered":"<p><a href=\"https:\/\/www.nbc.com.my\/blog\/bursa-to-rise-on-budget-2013\/\" rel=\"attachment wp-att-3566\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-3566\" title=\"Bursa\" src=\"https:\/\/www.nbc.com.my\/blog\/wp-content\/uploads\/2012\/08\/Bursa.jpg\" alt=\"\" width=\"323\" height=\"124\" srcset=\"https:\/\/www.nbc.com.my\/blog\/wp-content\/uploads\/2012\/08\/Bursa.jpg 323w, https:\/\/www.nbc.com.my\/blog\/wp-content\/uploads\/2012\/08\/Bursa-105x40.jpg 105w, https:\/\/www.nbc.com.my\/blog\/wp-content\/uploads\/2012\/08\/Bursa-150x57.jpg 150w, https:\/\/www.nbc.com.my\/blog\/wp-content\/uploads\/2012\/08\/Bursa-24x9.jpg 24w, https:\/\/www.nbc.com.my\/blog\/wp-content\/uploads\/2012\/08\/Bursa-36x13.jpg 36w, https:\/\/www.nbc.com.my\/blog\/wp-content\/uploads\/2012\/08\/Bursa-48x18.jpg 48w\" sizes=\"(max-width: 323px) 100vw, 323px\" \/><\/a>The<strong> <\/strong>FBM KLCI (Bursa Malaysia) is expected to trend higher due to rising foreign fund flow, improved global sentiment and Budget 2013 rotation play, according to Affin Investment Bank.<\/p>\n<p>In a retail research note Tuesday, Affin said despite the Hari Raya holiday mood, it expects \u201cFBM KLCI to trend higher towards 1650 level riding on improved global sentiment, rising foreign buying and Budget 2013 rotation play\u201d.\u00a0<!--more--><\/p>\n<p>It noted that the global stocks are holding well near their three months high despite negative global data suggest short term resilience.<\/p>\n<p>\u201cWe believe stronger Bursa performance in the near term due to the stronger than expected foreign buying despite a weakening ringgit against the US dollar\u2026In the last one month (July 2012), foreign investors have turned net buyers with an accumulated net buying of RM3.1b, recording a new high in the accumulated foreign net buying position of RM11.6b since September 2011.<\/p>\n<div class=\"ad-middle\"><script type=\"text\/javascript\">\/\/ <![CDATA[\ngoogle_ad_client = \"ca-pub-0763956376158631\"; \/* Medium Rectangle - 300x250 Text Image *\/ google_ad_slot = \"2577802819\"; google_ad_width = 300; google_ad_height = 250;\n\/\/ ]]><\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\/\/ <![CDATA[\n\n\n\/\/ ]]><\/script><\/div>\n<p>\u201cWe believe the strong foreign inflow is due to continuous Economic Transformation Programme (ETP), continuous capital market liberalisation initiatives done by the government and various domestic catalysts such as the launching of RM26 billion Tun Razak Exchange.\u201d<\/p>\n<p>Affin also said there are signs of portfolio rebalancing with funds moving ahead of the Budget 2013 towards higher yield stocks.<\/p>\n<p>\u201cIn the past one month, we saw the trend of flight to defensive\/dividend stocks continues to be the prime investment strategy amidst global uncertainties. This can be seen from the outperformance of the consumer, telco and REIT sectors against the FBMKLCI in general. It is clearly seen that FBMKLCI component stocks gained 2.2% on average in the past one month while the mentioned sectors gained 5.2 % on average.\u201d<\/p>\n<p>&#8211; TheEdge<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The FBM KLCI (Bursa Malaysia) is expected to trend higher due to rising foreign fund flow, improved global sentiment and Budget 2013 rotation play, according to Affin Investment Bank. In a retail research note Tuesday, Affin said despite the Hari Raya holiday mood, it expects \u201cFBM KLCI to trend higher towards 1650 level riding on [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":3566,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[162],"tags":[140],"class_list":["post-3564","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-malaysia-tax-budget","tag-budget-2013-malaysia"],"_links":{"self":[{"href":"https:\/\/www.nbc.com.my\/blog\/wp-json\/wp\/v2\/posts\/3564"}],"collection":[{"href":"https:\/\/www.nbc.com.my\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nbc.com.my\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nbc.com.my\/blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nbc.com.my\/blog\/wp-json\/wp\/v2\/comments?post=3564"}],"version-history":[{"count":1,"href":"https:\/\/www.nbc.com.my\/blog\/wp-json\/wp\/v2\/posts\/3564\/revisions"}],"predecessor-version":[{"id":6598,"href":"https:\/\/www.nbc.com.my\/blog\/wp-json\/wp\/v2\/posts\/3564\/revisions\/6598"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.nbc.com.my\/blog\/wp-json\/wp\/v2\/media\/3566"}],"wp:attachment":[{"href":"https:\/\/www.nbc.com.my\/blog\/wp-json\/wp\/v2\/media?parent=3564"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nbc.com.my\/blog\/wp-json\/wp\/v2\/categories?post=3564"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nbc.com.my\/blog\/wp-json\/wp\/v2\/tags?post=3564"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}