AFTER a volatile October, the Malaysian market looks set to strengthen towards the end of the year and investors would do well to position themselves strategically in the local equity market to maximise gains.
In a best-case scenario, the FBM KLCI – now hovering just above the 1,600-point mark – could reach 1,733 points by the end of 2024, according to TA Research’s technical analysis. The brokerage’s base-case is for the local blue-chip benchmark index to be around 1,633 points, with a worst-case scenario of 1,552 points, by the end of this year.
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