SO why is Bursa Malaysia in the green? The answer is simple, investors see long term value in the stock exchange, provided Anwar Ibrahim delivers big time on the promised reforms and cull some big heads in the process, namely the executive chairman of the Securities Commission Awang Adek, the chairman of Bursa Malaysia Wahid Omar and its CEO Umar Swift who is a mere permanent resident of this country.
WHATEVER happened to the conversation about giving sons and daughters of this soil to run the stock exchange, especially since during Umar Swift's tenure READ :The stock market has been down by 17 per cent while the rest of the modern world was on a massive bull run
THERE is no surprise here, that despite the stock market being up by more than 5 points , there is a kill joy effect here because the number of losers far outweigh the number of gainers.
INVESTORS are fed up that under Umar Swift's tenure, board room tussles in companies listed on the stock exchange are being settled by the barrel of a gun instead of human IQ, and gangsters are pushing off real talent, by the strength of their testosterone.
