Foreign buying spurs Malaysian shares – Bursa chief

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KUALA LUMPUR (Apr 9): The Malaysian stock market had gained from foreign buying in recent days and the country's bourse regulator and operator's chief hoped the trend would continue.

Bursa Malaysia chief executive officer Datuk Tajuddin Atan said the exchange had seen foreign buying over the last two weeks.

"Retail participation was good last year, but market sentiment was dampened in January and February 2015.

“However, we are seeing good traction over the last two weeks. The foreign investors are back, and the index is coming up. I’m still hopeful,” Tajuddin told reporters on the sidelines of the BursaMKTPLC CELEB.TRADR educational programme launch today.

According to him, Bursa Malaysia's (fundamental: 2.3; valuation: 1.7) retail participation stood at 26% last year compared to 22% in 2013.

Today, Tajuddin said the BursaMKTPLC CELEB.TRADR educational programme aimed to introduce investing and trading skills to the younger generation.

He said the programme aimed to encourage millenials or those born under the Generation Y category to invest in stocks. The millenial generation or Generation Y refers to those born between the early 1980s and early 2000s.

“We are continuously creating new opportunities to educate experienced or beginner investors on how to use the multitude of tradable ideas available on BursaMarketplace; insights, resources and content that were not previously accessible to all retail investors,” said Tajuddin.

Under the programme, Bursa Malaysia will pair up eight local celebrities with licensed investment advisors or opinion leaders.

The advisors will come from Bursa Malaysia's five broker partners for the programme. They are CIMB Investment Bank, Malacca Securities, Maybank Investment Bank, Oriental Pacific Futures and TA Futures.

The advisors will guide the celebrities on developing a trading strategy, and teach them how to trade and become a confident investor. The eight celebrities are Atilia Haron, Cheryl Samad, Nik Michael Imran, JJ Fernandez, Siti Saleha, Henley Hii, Yasmin Hani and Nazril Nash.

At 12.30pm, Bursa Malaysia shares rose two sen or 0.2% to settle at RM8.64 for a market capitalisation of RM4.61 billion.

A total of 60,500 shares changed hands.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)