The FTSE KLCI rose more than 10 points or 0.6% to close at 1,594 on Friday, as rising COVID-19 cases across the globe boosted demand for glove-linked stocks. Top Glove, the world’s largest rubber glove manufacturer, jumped 5% and Hartalega, which is engaged in the manufacture and sale of latex gloves, climbed 2.1%. For the week, the index added 0.3% as promising news of a coronavirus vaccine and the signature of the world's largest free trade bloc by 15 Asia-Pacific countries offset concerns about new lockdowns across the globe.
Historically, the Malaysia Stock Market (FBM KLCI) reached an all time high of 1896.23 in July of 2014. Malaysia Stock Market (FBM KLCI) - data, forecasts, historical chart - was last updated on November of 2020.
The Malaysia Stock Market (FBM KLCI) is expected to trade at 1577.56 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1515.85 in 12 months time.