Pitiful profits
PEOPLE have been perplexed as to why stocks on Bursa Malaysia have declined over the past few years.
For most of the past number of years, the benchmark FBM KLCI index has closed lower than when the year started. Year after year, the index seems to be on the losing end that it is almost an anomaly when the FBM KLCI closes higher at the end of the year.
Maybe it was because of politics? Some would say the uncertainty does not help, and it does not. Maybe it’s because our main stock index does not feature many technology stocks, which was the flavour of the past few years? Yes.
Maybe the stocks on the FBM KLCI do not prescribe to environmental, social, and governance (ESG) tenets, and that is increasingly becoming the focus of investors. Sure.
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