Market to rebound in Q4

“Our earnings gap analysis shows that the FBM KLCI could reach 1,610 points by year-end, and 1,800 points by end-2024,” CGS-CIMB Research said.

PETALING JAYA: The Malaysian equity market is expected to stage a strong rally in the final three months of 2023, with the benchmark FBM KLCI potentially reaching 1,610 points by year-end, lifted by two re-rating catalysts.

It is, however, probably going to get worse for the market in the coming months before the expected rebound towards the fourth quarter of this year (4Q23), according to CGS-CIMB Research.