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).


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