INCREASED investor interest on Bursa Malaysia led the FBM KLCI to hit a year high of 1,503 points on Tuesday, leading many to hope 2024 will be the year the local market pivots higher ahead of the Chinese Lunar Year of the Dragon next month.
The previous Dragon year in 2012 was good for the local equity market with benchmark rising some 165 points to 1,688.9 and the momentum was sustained into 2013 with the index rising to a high of 1,882 points after which the trend for the KLCI has generally been down.
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