The equity market will see a good run after the positive results of the recently concluded State polls with foreign buyers expected to flock in. The stopping of the green wave across Selangor, N9 and Penang are a good sign for investors confidence in the Anwar Ibrahim government.
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Stop of Green Wave
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On Friday, the FBM KLCI closed almost flat from late buying activities after a slow start attributed to the looming state election the next day. Analysts now say they are indeed optimistic about the results despite initial rumours that Selangor may be a tough contest. Stop of Green Wave in Selangor positive.
