PublicInvest also said it was lowering its FBM KLCI year-end target to 1,590 points from 1,690 points previously due to “higher risk premiums”.
At the close yesterday, the benchmark FTSE Bursa Malaysia KLCI was up 6.93 points to 1,496.73 and stocks deemed as immediate beneficiaries of looser restrictions such as Genting Malaysia andPrime Minister Tan Sri Muhyiddin Yassin said on Sunday that Covid-19 restrictions will be eased starting today for individuals who have been fully vaccinated.
It said: “Malaysia was running the risk of being very late to, and possibly missing out on the party, where global markets have been breaking new highs.” In its note, PublicInvest also said it was lowering its FBM KLCI year-end target to 1,590 points from 1,690 points previously due to “higher risk premiums”.
Govt is demonstrating the art of roti canai to foreign investors.