Better corporate earnings reports to boost Bursa

Rakuten Trade's Lau said the local equity market will experience an improvement in 2H23 following the US Federal Reserve and Bank Negara signalling an end to their interest rate policy hike cycles.

PETALING JAYA: Bursa Malaysia is expected to perform better in the second half of this year (2H23), driven by better corporate earnings reports anticipated during that period.

Tradeview Capital’s chief investment officer Nixon Wong expects the ongoing first quarter (1Q23) earnings season to be rather muted owing to the delayed recovery impact from China’s reopening towards the domestic market.