Kuala Lumpur street scene - Pexels
The FBM KLCI maintained its uptrend ahead of Budget 2025. Looking forward, we are Neutral on Budget 2025. “Nonetheless, we expect the market may be a tad disappointed by the absence of infra projects implementation.”
Nonetheless, the more optimistic GDP growth forecast of between 4.5%-5.5% for 2025 may inject some optimism thus we expect the index to hover within the 1,645-1,655 range today.
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