PETALING JAYA: Analysts and fund managers are increasingly bullish on the shock victory by the Opposition coalition Pakatan Harapan (PH), and while they expect a knee-jerk selldown in the market this coming Monday, the FBM KLCI will increasingly turn positive as more clarity emerges.
Some feel the market can end higher in less than a month, while others feel it could take longer. The consensus view, though, is that a new government which promises reforms is positive for the market.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!