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FBMKLCI year-end target cut to 1,660
by hlk Mon 27 Jun 2011, 13:36
Maybank Investment Bank Bhd cut its year-end target for the benchmark FTSE Bursa Malaysia KLCI Index to 1,660 from 1,710.
Global equities are expected to “remain volatile” in the second half of the year, analyst Wong Chew Hann wrote in a report today.
This is due to concerns over the US economic recovery, sovereign debt crisis in the euro-zone, monetary tightening measures in China, and unrest in the Middle East and North Africa, Wong said. -- Bloomberg
Global equities are expected to “remain volatile” in the second half of the year, analyst Wong Chew Hann wrote in a report today.
This is due to concerns over the US economic recovery, sovereign debt crisis in the euro-zone, monetary tightening measures in China, and unrest in the Middle East and North Africa, Wong said. -- Bloomberg
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