KUALA LUMPUR: CGS-CIMB Securities Sdn Bhd has reiterated that the FTSE Bursa Malaysia KLCI (FBM KLCI) to end 2022 at 1,612 and expected investors to tread cautiously throughout the year.
It said the cautious tone was in view of potential headwinds buffeting the markets in the form of new COVID-19 waves (Omicron), the return of intra-day short-selling, foreign fund outflows due to the US Federal Reserve tapering move, and reversals of fiscal stimulus.
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