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Rakuten Trade sees FBM KLCI hitting 1,660 mark by year-end
KUALA LUMPUR: Rakuten Trade Sdn Bhd anticipates the FTSE Bursa Malaysia KLCI (FBM KLCI) to possibly touch 1,660 by end-2024 based on a 15.5 times price-to-earnings ratio (PER) on 16 per cent earnings growth.
FBM KLCI falls on continued downward bias
KUALA LUMPUR: After ending the session nearly flat yesterday, the FBM KLCI is poised to continue its consolidation with a downward bias ahead of the Nuzul Al-Quran holiday, said Apex Securities Research.
Consumer stocks underperform the market
The yawning divide between the super-rich and middle-class in India’s booming economy is set to persist, if the “underperformance” of consumer stocks in the raging stock market is anything to go by.