Consensus estimates are for the FBM KLCI to rise to 1,600 points by the end of 2024.
PETALING JAYA: Malaysian equities are the favoured asset class for 2024 on expectation of improvement in corporate earnings, backed by a resilient and diversified economy and policy outcomes.
Analysts said the end of the downcycle in corporate earnings in the United States and a soft landing of the economy would lead to a pivot in the interest rate policy by the Federal Reserve (Fed) and help boost investors sentiment globally more so if China’s economic health improves.
Already a subscriber? Log in
Save 30% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
