KUALA LUMPUR: AmInvestment Bank Bhd has raised its base-case end-2024 FTSE Bursa Malaysia KLCI (FBM KLCI) target to 1,660 from 1,635 earlier, supported by robust foreign equity flows and stronger ringgit prospects.
In a research note today, the bank noted that the recent surge above the key resistance of 1,640 and reaching a new multi-year high suggests that the FBM KLCI’s bullish trend remains intact.
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