Diagnosing the FBM KLCI

THE FBM KLCI closed 2025 with a modest gain of just 2.3%. What was also significant is that the index posted its first back-to-back positive returns since the great bull run between 2008 and 2013, when it rose for five consecutive years.

While the index provided positive returns, they were modest compared with the spectacular gains on other major Asian bourses, led by the strong 76% gain on South Korea’s Kospi Index.