Madani Economy to have muted impact on stock market, says HLIB FMTNews FMTBusiness
The government will allow the trading of smaller share lots and fractional shares in a bid to revive Malaysia’s equity market.
Some of the potential beneficiaries of the plan’s initiatives are sectors relating to discretionary spending, construction, Bursa Malaysia, healthcare, property and tourism. The ambitious plan aims to achieve seven key targets within 10 years, including bringing down the fiscal deficit to 3% or lower, having Malaysia ranked among the 30 biggest economies, and be within the top 12 in the Global Competitiveness Index.
As for the stock exchange, Anwar has proposed that the trade lot size will be reduced and trading of fractional shares will be implemented to increase “investment affordability”. This is in addition to the stamp duty cut which took effect this month. As Immigration procedures will be simplified which includes the entrance of tourist via visa-on-arrival, HLIB Research said this should further spur the post-pandemic tourist arrivals.
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