Malaysians should take the opportunity to invest, whether in the stock market or unit trusts, during this current technical-correction phase, said Malaysia Association of Technical Analysts (MATA) President, Datuk Dr Nazri Khan Adam Khan.
Seeing the technical correction in the stock market as a "usual" phase annually, he said the current weaker market environment coupled with the easing of the ringgit and lower oil prices should augur well for market players to invest.
"In the months of May and June every year, seasonally, the (stock) market will consolidate, that's normal. I think the main reason the market is consolidating right now is because of expectation that the United States will raise its interest rate.
"In the past, the market will normalise in the next few months after consolidation. So, take this opportunity (consolidation) to invest, directly or indirectly," he told reporters after the announcement of Ariflabur programme by Pelaburan Mara Bhd here, today.
He said that 2015 would be the best time to invest as the 11th Malaysia Plan would be unveiled on May 21, with a stimulus package estimated to be up to RM350 billion.
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Seeing the technical correction in the stock market as a "usual" phase annually, he said the current weaker market environment coupled with the easing of the ringgit and lower oil prices should augur well for market players to invest.
"In the months of May and June every year, seasonally, the (stock) market will consolidate, that's normal. I think the main reason the market is consolidating right now is because of expectation that the United States will raise its interest rate.
"In the past, the market will normalise in the next few months after consolidation. So, take this opportunity (consolidation) to invest, directly or indirectly," he told reporters after the announcement of Ariflabur programme by Pelaburan Mara Bhd here, today.
He said that 2015 would be the best time to invest as the 11th Malaysia Plan would be unveiled on May 21, with a stimulus package estimated to be up to RM350 billion.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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