A better year expected for Bursa Malaysia

TA Research's Kaladher said the FBM KLCI is likely to end 2024 at 1,620 points, based on a 2025 price-to-earnings ratio of 13 times.

PETALING JAYA: After a mostly subdued 2023, the tide is set to turn for Bursa Malaysia as foreign investors make their way back to the local stock market.Analysts anticipate Bursa Malaysia to perform better this year, supported by improved corporate earnings and a resilient domestic economy.

The exchange’s benchmark index, FBM KLCI, is also expected to break the psychological level of 1,500 points and 1,600 points. Last year, the index stayed mostly below 1,460 points.