KUALA LUMPUR: The bull run on the FTSE Bursa Malaysia KLCI Index since last year shows the strength of the local capital market, which offers investment opportunities for local and foreign institutions, says Bursa Malaysia Bhd chief executive officer Datuk Tajuddin Atan.
“Since last year, the FBM KLCI index jumped 29 times and posted an extraordinary rise after the recent general election results,” he told the media here yesterday.
Tajuddin said the rally of the Bursa Malaysia main index has been helped by the active involvement of foreign investors who have become net buyers in the last 13 months.
“Their involvement is confirmation that government programmes like the Economic Transformation Programme and Government Transformation Programme are bearing fruit,” he said, adding he expects the positive momentum to continue until year-end.
Meanwhile Deputy Finance Minister Datuk Ahmad Maslan, who was on an official visit to the local exchange, said the country’s political stability has been one of the main factors drawing foreign investors to the local market.
He said in the next six months, companies that will be listed on the Bursa are still as attractive as they were last year with the mega initial public offerings.
“Although not as big as last year’s (mega IPOs), this year should be as interesting in terms of the number of companies involved,” he said. — Bernama