2021 is about the 3Es

Three key elements that can dictate the local market’s direction this year. - Economy, election, earnings.

LAST week, this column highlighted five key elements that will dictate global markets and of course these global economic factors, which are universal, will also have an impact on the local economy in general and more specifically, the financial markets.

Index wise, the FBM KLCI, which closed the year 2020 at 1,627.21 pts or up 2.4%, the first annual rise of the benchmark index in since 2017, is now estimated to have a fair value of 1,756 pts this year, based on brokers’ estimates.