Serious Jiuhu Stock Market Has Crashed! Foreign Investors Flee! Voters Regret Voting For Oppies!

[JohnTan]

KUALA LUMPUR — Malaysia's stock market on Wednesday (May 30) suffered its biggest single-day slump since October 2008.

The FTSE Bursa Malaysia KLCI Index plunged as much as 3.7 per cent, with losses snowballing after the midday break. The gauge ended the session 3.2 per cent lower, with declines surpassing those of all other national benchmarks in the region.


Builders suffered the brunt of the selling as Gamuda sank as much as 27 per cent after Prime Minister Mahathir Mohamad said the government would cancel a proposed multibillion-dollar, high-speed railway link to Singapore and the third phase of a mass rapid transit line in Kuala Lumpur.

Banks also suffered, with Malayan Banking down 4.3 per cent amid a sector selloff.


The Malaysian index, which only last month traded at a record, is now down more than 9 per cent from its peak as traders adjust to a new political environment.

Foreign investors have fled Malaysia’s stocks, pulling money every single day this month - a streak unseen since the selloff of August 2015. BLOOMBERG

https://www.todayonline.com/world/malaysia-shares-sink-most-2008-crisis-foreigners-bail

 

[bushtucker]

sell in may and go away.

 

[Wunderfool]

If Madhatter doesn’t rein his tongue , the Malaysian stock market may crash by the end of this May.
All hell will break loose . Speculators and institutional funds will pull monies out.
He didn’t understand that today everything is connected . HSR is not just a deal between Singapore and Malaysia . It is also a deal between Malaysia and the rest of the world in the world of investment .

 

[zhihau]

get ready to buy! buy! buy!

buy low! sell high!

 

[whoami]

If Madhatter doesn’t rein his tongue , the Malaysian stock market may crash by the end of this May.
All hell will break loose . Speculators and institutional funds will pull monies out.
He didn’t understand that today everything is connected . HSR is not just a deal between Singapore and Malaysia . It is also a deal between Malaysia and the rest of the world in the world of investment .

Is his hopless right hand man LGE lah. Finance minister but just fart without thinking. If i am a heavy investor i also cut loss and cabut.

 

[Wunderfool]

get ready to buy! buy! buy!

buy low! sell high!

Madhatter may have to spend more monies to defend the riggit and prop up the market. If he spends more than RM50b just to defend the currency and support the market , he is really a fool to scrap the HSR in the first place .

 

[Wunderfool]

Najib may be greedy ,but he is not penny wise pound foolish . He understand how money works.

 

[CoffeeAhSoh]

opposite bets were placed weeks ago.

 

[winnipegjets]

Najib may be greedy ,but he is not penny wise pound foolish . He understand how money works.

Yeah right! Like the HSR deal with sinkapore ...Mudland pays the bills while sinkapore gets the benefit. Najib definitely knows how money works ...he will sell his mother to get more.

 

[winnipegjets]

4 percent decline only lah.

Dow Jones have fallen more.

 

[Scrooball (clone)]

Dr Mad thinks he is God. Anyhow cancel contract and can suspend trading whenever it goes in his favor. Might as well try your luck punting toto than invest in Malaysia!

 

[zeebjii]

Najib may be greedy ,but he is not penny wise pound foolish . He understand how money works.

You think too highly of Najib. If he truly understands how money works he wouldn't have US$600m ++ in his PERSONAL account.

 

[Wunderfool]

You think too highly of Najib. If he truly understands how money works he wouldn't have US$600m ++ in his PERSONAL account.

Exactly because he knows how money works that why $600m + donations went into his personal account.