Stock market gets temporary boost

PublicInvest also said it was lowering its FBM KLCI year-end target to 1,590 points from 1,690 points previously due to “higher risk premiums”.

PETALING JAYA: The announcement on the easing of movement restrictions has given the stock market a temporary boost but it will be some time before longer-term optimism can set in.

A confluence of factors, including the lack of clarity on Malaysia’s political front, coupled with the ongoing Covid-19 pandemic, will continue to plague market sentiment over the near term, observers said.