PETALING JAYA: Despite the sliding ringgit, declining commodity prices, dismal corporate earnings and the prospect of rising interest rates in the United States, stocks on Bursa Malaysia are holding up quite well.
The first quarter, which is almost over, was not too bad for local investors. The FTSE Bursa Malaysia KL Composite Index (FBM KLCI) is up 3% year-to-date at 1,813.37 points as of last Friday. This had kept the benchmark index just 4% shy of its all-time high of 1,892.65 points reached in July last year.
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