FBM KLCI likely to stage a rebound in Q4 on positive outlook

HLIB Research’s year-end FBM KLCI target stands at 1,530.

PETALING JAYA: The equity market is expected to remain sluggish in the third quarter of the year before staging a rebound towards the final three months of 2023 as economic headwinds subside.

Hong Leong Investment Bank (HLIB) Research summed this up as a tale of two halves for the next six months of the year.