{"id":54897,"date":"2022-12-08T09:20:41","date_gmt":"2022-12-08T01:20:41","guid":{"rendered":"http:\/\/wordpress-my-161844363.ap-southeast-1.elb.amazonaws.com\/articles\/?p=54897"},"modified":"2022-12-08T20:11:00","modified_gmt":"2022-12-08T12:11:00","slug":"will-the-feel-good-factor-return-for-the-local-stock-exchange","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/will-the-feel-good-factor-return-for-the-local-stock-exchange","title":{"rendered":"Will The &#8216;Feel Good Factor&#8217; Return For The Local Stock Exchange?"},"content":{"rendered":"<p>According to Rakuten Trade, a certain degree of uncertainty has cleared with the announcement of government cabinet last week.<\/p>\n<p>Mr Kenny Yee, Head of Research at Rakuten Trade together with VP of Equity Research, Mr Thong Pak Leng held a virtual media briefing to recap on the year end market outlook.<\/p>\n<p>&#8220;It is promising to note the positive knee jerk reaction on the Ringgit against the USD. We believe the Ringgit will continue to strengthen vis-\u00e0-vis the USD especially in 2023 as the Feds ease their stance on rate hikes,&#8221; Yee said.<\/p>\n<p>Here are the key highlights of the recap session:<\/p>\n<ul>\n<li>the \u201cFeel Good\u201d factor to persist going forward with encouraging signs from foreign funds with the new prime minister expected to instil stronger sentiment on KLCI<\/li>\n<li>KLCI may see heighten trading activities as retail participation will improve overtime hence providing the much required liquidity in the market<\/li>\n<li>banking and telco sectors to support the momentum this year and into next. This is also premised on the much improved earnings growth for CY23 estimated at 9.7%.<\/li>\n<li>the ringgit will strengthen to around the 4.30\/35 range by end-2022 and possibly to within the 4.10\/20 range next year as we anticipate currency turmoilregionally to be at a tail-end.<\/li>\n<\/ul>\n<p>Rakuten Trade also touched on the possibility of foreign funds making a return after two years of decline.<\/p>\n<p>&#8220;Following consecutive declines in 2020 and 2021, foreign shareholding actually touched the lowest @ end-2021 of only 11.35%. However, the situation improved underpinned by foreign net inflows so far this year.<\/p>\n<p>&#8220;Looking ahead, we can only expect foreign shareholding to improve amid improving political climate.&#8221;<\/p>\n<p>You can find more information on how to start share trading with Rakuten Trade <a href=\"https:\/\/www.imoney.my\/share-trading?src=menu_dropdown\" target=\"_blank\" rel=\"noopener\">here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With the election over and a new prime minister sworn in, here&#8217;s what experts at Rakuten Trade are saying about the year end market outlook.<\/p>\n","protected":false},"author":1,"featured_media":54898,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1,216,267],"tags":[1023,772,660],"class_list":["post-54897","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-news-updates","category-share-trading","tag-budget-2023","tag-investing","tag-investment"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Year End Stock Market Outlook By Rakuten Trade<\/title>\n<meta name=\"description\" content=\"From ringgit performance to foreign fund inflows, here are some key insights shared by Rakuten Trade&#039;s experts on the share market outlook.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.imoney.my\/articles\/will-the-feel-good-factor-return-for-the-local-stock-exchange\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Can You Expect The &#039;Feel Good Factor&#039; 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