“Little by Little, Mountains are Formed,” this is the point made by Minister of Economy Rafizi Ramli on social media in his efforts to ramp up investor confidence in Malaysia’s economy.
The Bursa Malaysia index today hit a high of 1,567.57 points just before 11 a.m., before closing at 1,561.72 points. The level of 1,567.57 is the highest since this administration took over the country’s management, says Rafizi.
He also spoke of the ongoing negative sentiments played by the opposition, which he links to attempts and hopes for economic damage to gain power, he says these sentiments do not reflect the actual market conditions.
Investor Confidence
The Bursa Malaysia has shown consistent improvement over the past 12 months, reaching a high of 1,567.57 points earlier today. This sustained increase aligns with a 14.45% annual return for investors.
“People’s funds managed by EPF, KWAP, PNB, Khazanah, Tabung Haji, and LTAT are among the largest shareholders of companies listed on Bursa Malaysia,” says the Minister.
“When the stock market consistently rises over the past year and provides a 14.45% increase in annual returns, this will translate into greater profits for the people in the future, if this marathon continues,” he added.
The responsibility of improving the country’s economy requires a long-term perspective.
“However, the increase that has occurred today (without us realizing) confirms that our economy will continue to strengthen,” Rafizi emphasizes.
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