Can the market rise further?

Rallying: Trading in Bursa Malaysia counters at a local bank. The FBM KLCI could peak above 1,600 points in the short term.

MALAYSIAN shares continued their good run in the first week of June, fuelled by liquidity and optimism over economic revival as global Covid-19 lockdowns ease. This is in tandem with global market trends.

With the bulls in charge, the benchmark FBM KLCI finally breached the 1,500-point level over the week.