Posted by trading2019 > 2021-12-30 20:57 | Report Abuse

Tomorrow, KLCI gap up! Hahaha

Posted by OTB > 2021-12-30 21:00 | Report Abuse

The effect of the increase in stamp duty tax

1.) Our KLSE is a very small market, there are very small in term of market capitalization.
2.) All the shares quoted in KLSE are dirt cheap, many of them are less than USD10 cents in their share prices.
3.) The new rule to increase stamp duty rate to 0.15% with capping at RM1,000 is not a good move by the government. This will reduce the volume of transaction in KLSE especially to the traders.
4.) Big foreign funds may not be interested to invest in KLSE again because the stamp duty tax at 0.15% is very high.

KLSE is already ignored by many fund managers, this increase will make the situation worse.
Thank you.

Posted by m3379 > 2021-12-30 21:05 | Report Abuse

In 2023 will be back to RM200 cap, right?

Posted by Powerplay666 > 2021-12-30 21:07 | Report Abuse

OTB.. I disagree. No cap rule before was horrendous. This is a vast improvement.

Posted by CharlesT > 2021-12-30 21:11 | Report Abuse

After 1998 most foreign investors (I believe mostly Sporean) has abandoned Bursa

Ever since then kaki goreng kaki song

Posted by winnerz > 2021-12-30 21:26 | Report Abuse

Never try, never know, dude.

Posted by gohkimhock > 2021-12-30 22:22 | Report Abuse

the latest move is a good one. There might be a lot of transactions by the same trader, hence, it helps him save a lot with the cap..

Posted by Want2MakeMoney > 2021-12-30 22:53 | Report Abuse

Prata left and Right, no consistent rule , welcome to malaysia

Posted by sensonic > 2021-12-30 23:42 | Report Abuse

MARKET OPERATOR IS RICHER SINCE THEY MAKAN MOST IKAN BILIS. THEY DONT MIND PAYING MORE.

Posted by WE IN > 2021-12-31 00:24 | Report Abuse

most goreng penny is local
so foreign not important

Posted by henry888 > 2021-12-31 07:41 | Report Abuse

Still ok for big boys/institutions/operators as they are the main goreng kaki. Sure their goreng stamp duty exceed rm1,000.00 so makes no different to them. As long as big players goreng, market would maintain active. Of course not better than before. Market would be lacklustre if no big players/operators to goreng.

Posted by henry888 > 2021-12-31 08:09 | Report Abuse

Time of inflation, we cannot escape commodities including stock market, prices keep going up. So, Bursa have to balance up between the increase and more so the foreign investors.

Posted by trading2019 > 2021-12-31 09:25 | Report Abuse

No choice lah. Gomen has to tax us. You can't expect the Gomen to tax those EPF contributors (46%) who have less than RM1,000 in their accounts, right?

Posted by trading2019 > 2021-12-31 09:26 | Report Abuse

Market reacts favorably to the news. Hahaha

Posted by amateurJR > 2021-12-31 10:18 | Report Abuse

Dun thinks is a good move at all

Posted by blackchicken > 2021-12-31 19:36 | Report Abuse

Bursa Malaysia ends sharply higher on last trading day of 2021 https://www.thestar.com.my/business/business-news/2021/12/31/bursa-malaysia-ends-sharply-higher-on-last-trading-day-of-2021