Malaysian stock market correction expected

  • Business Premium
  • Thursday, 04 Jul 2013

kenanga Investment Bank Berhad Head of research Chan Ken Yew at the Media briefing on K&N Kenanga Market Outlook Q3 2013 at Kenanaga International office in Kuala Lumpur on Wednesday, 3 July 2013. Brian Moh/The Star.

KUALA LUMPUR: The benchmark FBM KLCI may be due for a correction this quarter as valuations were not sustainable although the downside should be well-supported by strong liquidity in the banking system.

Kenanga Investment Bank Bhd research head Chan Ken Yew said the index was trading at a mere 3.5% discount to its consensus target of 1,840.

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