KUALA LUMPUR: Investors’ anticipation of a rally in the FBM KLCI during the pre-Budget 2022 period has become a self-fulfilling prophecy that has propelled the benchmark index higher almost 71% of the time since the Asian Financial Crisis.
TA Research said in its strategy report the rally started much earlier this year because of the positive news flows from abroad and the economic recovery optimism following the relaxation on interstate travel and reopening of international borders.
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