A deep V-shaped recovery is still in play for equities

Malaysia’s bourse was struggling albeit at a muted pace. It declined by 3.7% for the year 2021 due to the reimplementation of movement control order or MCO 3.0.

THE year 2021 ended positively for global equity markets.

The MSCI All Country World Index (ACWI), which covers around 85% of global investable equities, surged by as much as 16.8% to 754 points year-on-year, while the MSCI World Index, which captures large and mid-cap companies across 23 developed market countries, soared 20.1%.

This underscores how positive businesses, consumers and investors sentiment were at the time following the ravaging effects of the Covid-19 pandemic.