Promising outlook for Malaysia's equity market next year

PETALING JAYA: The outlook for Malaysia’s equity market next year seems promising, with two local brokerages expecting the benchmark FBM KL Composite Index (FBM KLCI) to hit at least 1,800 points by the end of 2016.

In their respective reports yesterday, CIMB Research said it was optimistic that the numerous domestic and external headwinds plaguing the country’s stock market in 2015 would make way for a more promising environment next year, while MIDF Research stated that 2016 could see a resumption of corporate earnings upcycle.