On the rise: People walk past the bull statue at the Bursa building in Kuala Lumpur. The FBM KLCI, which has been on a decline since mid-December 2020, has notched over 40 points since the start of February and has once again returned to above the 1,600-point mark.
PETALING JAYA: With the government throttling up its preparation to inoculate the majority of Malaysians beginning Feb 26, the stock market is set to be a key beneficiary as investor exuberance makes a comeback.
Amid a more controlled Covid-19 outbreak, analysts said more investors will bet on recovery plays in expectations of a stronger economic recovery ahead.
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