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admin2022-08-286

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PETALING JAYA: After five consecutive years of the stock market edging lower, local investors must be exhausted and wondering when will the local equity market reverse its trajectory, and their stock holdings will show a positive wealth effect.

Local fund managers tell StarbizWeek that the FBM KLCI benchmark has seen its low for the year at the 1,408.8-point level and expect the 30-stock index to erase most of its 4.6% year-to-date loss by the fourth quarter (4Q22), barring any major shocks.

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