The research house said this was largely because the FBM KLCI has generally yielded positive returns in the three-month periods up to the past election polling dates, apart from robust headline economic indicators which support the ringgit and investment sentiment. The GE14 is widely expected to be held in March or April next year.
PETALING JAYA: MIDF Research has cautioned investors to tread carefully in the last three months of 2018, as the global outlook continues to be marred by political and trade uncertainties.
A heightened likelihood of a short-term correction in the United States equity market, worsening Sino-US trade war and a technical resistence in the FBM KLCI that may persist until the year-end could limit Bursa Malaysia’s performance in the fourth quarter of 2018 (4Q18), according to MIDF Research.
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