KUALA LUMPUR: Malaysia’s equity market is set to perform better in the second half of the year with the FBM KLCI is expected to hover near the 1,700-point level, said UOB Asset Management (M) Bhd (UOBAM).
Chief investment officer Francis Eng said the benchmark index had improved 3.8% since April 16, riding on clearer policies as compared with the last 12 months, increase foreign inflows, as well as the potential benefits of trade diversion and resilient economic condition, among others.
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