Market recovery seen continuing into 2H

UOB Kay Hian Research recommends that investors to position themselves to benefit from a sustained market recovery in 2H23.

PETALING JAYA: Malaysia’s equity market is seen to have bottomed out, with the benchmark FBM KLCI having hit the 1,400-point level recently.

Given the improving domestic liquidity and the unity government’s stability, the equity market is expected to perform well through the second half of 2023 (2H23).