Lets Story-time

For my one and only fan.......its time to start telling you a story........but better via your email rather than risk ridicule here......

Wake up Bursa, and its bed-mate SC

Its interesting to note recent calls made to liven up our Bursa. But wait a minute, isnt it already very good by historical standards. Daily turnover is usually above 1 bil shares. Even with lower commission rates these days, such daily volumes should still leave market participants laughing to the bank. Yet somehow, there seems to be an undercurrent of discontent.
Is it because volumes traded do not reflect actual client trades but self inflicted intra-day activity that often leave more injury than profit? Or is the recent fad of taking counters private a signal of some malaise in the system? Maybe the despicable habit of allowing unfettered trading of shares of troubled companies (as if nothing is wrong), eating into investors' nerves?
A quick check this morning (May 21) reveals that almost every major market is up across the Asia Pacific region, with KL standing out as the sore-thumb loser.
Well, to liven up the Bursa, we have to ascertain if the powers-to-be who run the Bursa, and of course its grand overlord, the Securities Commission, are alive in the first place. Over the years, anyone with even the slightest interest in investments here would have been bewildered by the lack of proactive enforcement of rules and laws. It is certainly an indication that life exists in these institutions if some explanations are forthcoming.

Privatisations and bull

Wowee, the Malaysian bourse explodes with takeover fever when controlling shareholders suddenly realize the folly of letting others in on their baskets of goodies (or doodoos ). With such too-good-to-share income streams (Maxis), cash hoards (Boustead/UAC), or skeletons-in-the-closet(a certain finance counter), it defies the imagination that Malaysians have just only begun to wake up after virtually a full year of bull. Or have they really. Perhaps its the controlling shareholders who have decided its time to better wake up than slumber on only to miss the best opportunity in ten years to do one on their minority shareholders. Well, whatever their intentions, lets hope our revered SC does what its supposed to do in ensuring equitable actions, and not just technically correct actions as so often happen in reality. The investing public will be quick to approve or disapprove as shown by the way they swing their money in the near future.