New Straits Times on Nostr: Economic momentum is set to boost Bursa Malaysia and the Ringgit in 2025 ========== ...
Economic momentum is set to boost Bursa Malaysia and the Ringgit in 2025
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Bursa Malaysia concluded 2024 with modest gains, marking its best annual performance since 2010; FBM KLCI started 2024 at 1,453.10 points and closed at 1,642.33 points, a 12.90% YTD increase; Ringgit closed at 4.4710 against the US dollar at year-end, up from 4.5975 at the start of 2024; Analysts expect Bursa Malaysia to reach 1,800 by the end of 2025; Key sectors driving growth include banking, construction, technology, plantation, and power; Political stability and economic reforms are seen as positive factors; Mohd Sedek Jantan forecasts cautious trading for the ringgit in 2025, with projected rates of 4.53 in Q1, 4.60 in Q2, 4.65 in Q3, and 4.55 in Q4; Afzanizam Abdul Rashid believes the ringgit is undervalued and has room for appreciation.
#BursaMalaysia #Ringgit #EconomicOutlook #2025 #Investment #MarketPerformance #PoliticalStability #Reforms #Currency #Equities
https://www.nst.com.my/business/corporate/2025/01/1155477/economic-momentum-set-boost-bursa-malaysia-and-ringgit-2025
==========
Bursa Malaysia concluded 2024 with modest gains, marking its best annual performance since 2010; FBM KLCI started 2024 at 1,453.10 points and closed at 1,642.33 points, a 12.90% YTD increase; Ringgit closed at 4.4710 against the US dollar at year-end, up from 4.5975 at the start of 2024; Analysts expect Bursa Malaysia to reach 1,800 by the end of 2025; Key sectors driving growth include banking, construction, technology, plantation, and power; Political stability and economic reforms are seen as positive factors; Mohd Sedek Jantan forecasts cautious trading for the ringgit in 2025, with projected rates of 4.53 in Q1, 4.60 in Q2, 4.65 in Q3, and 4.55 in Q4; Afzanizam Abdul Rashid believes the ringgit is undervalued and has room for appreciation.
#BursaMalaysia #Ringgit #EconomicOutlook #2025 #Investment #MarketPerformance #PoliticalStability #Reforms #Currency #Equities
https://www.nst.com.my/business/corporate/2025/01/1155477/economic-momentum-set-boost-bursa-malaysia-and-ringgit-2025