Friday, January 7, 2011

Citi: FBMKLCI may hit 1,650 by year-end

Malaysia's KLCI index may reach 1,650 by the end of 2011 on increased liquidity, Citigroup Inc said.

The government is 'likely to provide liquidity' to the stock market ahead of the Sarawak state election and possible national general election, according to the report led by analyst Yong Yin Ng. -- Bloomberg

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