Snap polls to power KLCI to 1,800 mark in 2021, says analyst

An industry expert says the Malaysian stock market will benefit from a snap election in January. – EPA pic, November 21, 2020.

THE benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) is likely to revisit the 1,800 mark – a level last seen in 2018 – by end-2021, if a snap election is called next year.

Inter-Pacific Asset Management Sdn Bhd chief executive officer Dr Nazri Khan said investors have been anticipating a snap election as early as January next year due to Covid-19 vaccine optimism, along with the expectation of the removal of the conditional movement control order (CMCO).

Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one (1) week free access!

Subscribe Now!

Sign up or sign in here to comment.