Is the market rally sustainable?

The strong foreign direct investments prospects, coupled with a myriad of sensible reforms and conducive economic policies, are converging to position Malaysia as an attractive investment target.

THE local stock market is revving up nicely, with a decent 10.5% gain year-to-date and 16.4% over the last 12 months.

The benchmark FBM KLCI also touched 1629 points on May 23, a level last seen in early 2021.