Weekly market round-up (weekly ended 18/01/2022)

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Here are some Investing and Economic insights:

  • The recent global sell-off in technology stocks can be seen as an opportunity to buy low as such stocks experience volatility ahead of the potential interest rates rise in the US. Technology stocks on Bursa Malaysia have not been spared as investors are reassessing their portfolios and looking at bonds which offer improved returns during time of volatility.
  • Investor was expected to remain careful in the short term caused by the increasing market risks and volatility in global markets. Nonetheless, it is expected that bargain hunting to set in as the fundamentals of Malaysian companies are improving and local equities are undervalued as compared to its regional peers, therefore offer good potential upsides for investors.
  • Citigroup has agreed to sell its consumer business in Malaysia, Indonesia, Thailand and Vietnam to Singapore’s United Overseas Bank (UOB) for about US$3.7 billion.
    • It is now near to exiting retail operations in 13 markets.
    • The acquisition will also put UOB in the top 10 retail bank rankings in Indonesia, and in the top five in Malaysia.

 

Do You Know?

6.1 million EPF members now have less than RM10,000 in their EPF accounts – of which 3.6 million have less than RM1,000…

Lesson: Start planning seriously for your retirement. Use your Savings Goal in your Raiz app to set automatic savings!

 


Don’t have the Raiz App? 

Download it for free in the App store: 

 

 

 

Important Information 

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