Recovery, vaccination, politics to determine momentum
KUALA LUMPUR: The FBM KLCI’s performance this month will hinge on the country’s ability to maintain its high vaccination rate and accommodate quick economic recovery and growth.
CGS-CIMB Research in a strategy note yesterday said the market rally’s momentum in August can be sustained this month, if states with high infection rates can progress into the final phases of the National Recovery Plan (NRP) as quickly as possible.
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