Analysts recommend selective buying amid volatility and uncertainties

Volatile market: The local stock market went through a volatile period in the first half of the year.

STOCKS have started the second half of 2020 in a strong position after a volatile period in the first half of the year.

Despite the retreat of the FBM KLCI on some days, the local benchmark stock index had managed to recover all its 2020 losses at where it stood yesterday. This is thanks to the strong buying interest from mom-and-pop investors as well as local fund managers that had helped push up the country’s stock market over the last few months, even as foreign funds continue to shun the local equity market.