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The FTSE Bursa Malaysia KLCI Index has ended up being the worst Asian capital gauge thus far in 2017 with lower than 5% growth. This comes along with an unknown election date which adds to the downfall.
Despite Malaysia receiving among the most foreign inflows this year throughout Southeast Asia, the country's standard measure has fallen short as compared to all its major Asian competitors from Hong Kong to India - several of whose gauges have even increased over 25% this year alone.
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As Malaysians anticipate the date for the next general election, there has been rumours that PM Najib Razak may announce it earlier to take advantage of the current feel-good factor.
Danny Wong Teck Meng, CEO of Areca Capital, reported that, while there's various skepticisms bearing down the market, there certainly are other favorable factors such as oil, solid exports and the strong economic build-up that are sustaining the market. He added that with profits season blooms, a few revelations could offer stimulants for a much more favorable view towards the market.
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