WHILE most Asian stock markets have had a good start year-to-date (ytd), Malaysian equities have seen a rather lacklustre performance.
Despite the surge in regional markets, fuelled by receding Covid-19 infections, vaccine optimism and improving economic data, the FTSE Bursa Malaysia KLCI (FBM KLCI) has lost 3.2% since the beginning of 2021.
The FBM KLCI, which is made up of 30 largest companies by market capitalisation on Bursa Malaysia, is one of the two benchmark indices in the region that is in the red so far this year.