FIN4243-Financial Market Analyses – Accounting and Finance Assignment Help

Assignment Task


FBM KLCI extends decline as selling momentum accelerates.

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KUALA LUMPUR: The FBM KLCI hastened its decline headed into midday as the blue-chip counters fell in unison on the Budget 2022 proposal of a one-off special tax on high-income companies.

At 12.30pm, the key index had plunged 32.96 points to 1,529.35, just slightly off its day’s low of 1,527.73. The market breadth remained overwhelmingly negative with 725 decliners versus 100 gainers.

While all 30 index stocks were submerged, the biggest loser was Petronas Chemicals, which lost 39 sen to RM8.30.

Bank stocks were also hard hit with Public Bank sliding 13 sen to RM4.04, CIMB slumping 20 sen to RM5.02 and Hong Leong Bank falling 54 sen to RM17.92. Maybank slipped six sen to RM7.99.

In telcos, Axiata was hammered down 12 sen to RM3.83 while Digi dropped seven sen to RM4.16 and Maxis lost six sen to RM4.61. Plantation counter Sime Darby Plantation dropped two sen to RM3.99 while IOI Corp shed eight sen to RM3.85.

On the broader market, the top actives were MMAG down 0.5 sen nto 10 sen, AirAsia X sliding two sen to 7.5 sen and Hextar Industries up two sen to 16.5 sen.

In Asian markets, stocks edged higher on Monday, led by a post-election jump in Japan’s Nikkei. Tokyo’s benchmark index leapt 2.3?ter the country’s ruling party held on to its single-party majority in a convincing victory for Prime Minister Fumio Kishida.

South Korea’s Kospi rose 0.5% while in Shanghai, the composite index was up 0.1%. Hong Kong’s Hang Seng however was down 0.1% while Australia’s ASX200 was up 0.7%.

Given the above scenario, you are required to answer the following questions based on this module content outline.

1)  As an individual investor in Malaysia, you believe the main index of Malaysia stock market, FBM KLCI (FTSE Bursa Malaysia KLCI) would decline further in the year of 2022. The FTSE Bursa Malaysia KLCI (FBMKLCI) comprises the largest 30 companies listed on the Main Board by full market capitalisation that meet the eligibility requirements of the FTSE Bursa Malaysia Ground Rules. Given strong belief in that market trend, you aim to make a significant capital gain from the financial exchanges in Malaysia. Based on this module content outline, suggest TWO (2) suitable financial instruments (ie any specific equity-based, debt-based or neither debt-based nor equity-based of financial instruments) and explain in detail on how you would apply that financial instruments in order to meet your objective effectively and efficiently. 

2) Recently, your friend who owns a multinational corporation in Malaysia has just bought fabrics from a U.S. company, with payment of $1 million due in 6 months. Assuming today is 20 April 2022, given the current spot rate (MYR/USD) is MYR/USD 4.3103-221, the six-month forward rate is MYR/USD 4.4252-70. Due to the impacts of the Malaysian stock market performance on value of MYR, you expect the spot rate to reach MYR/USD 4.4340-57 in coming six months, calculate the implicit gains or losses on this forward position in MYR.

3) Your friend has no investment experience. After completing his studies in investment related courses, he would like to invest into the financial exchanges in Malaysia. Due to having no real investment experience, he prefers the certainty. Hence, he would not mind on receiving low levels of return at the beginning of the holding period of that instrument. With his investment knowledge plus determination, he is confident that within a holding period of no longer than ONE (1) year, the stock market in Malaysia would enter into a bull run. He would then be ready and able to bear higher risk and achieve his investment goal in making higher capital gains. Based on this module content outline and given this information, recommend to him a financial instrument for investment that is most suitable to his needs and explain its suitability. 

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