KUALA LUMPUR (April 3): CIMB IB Research said it expects the stock market to be volatile during GE14's campaigning period.
In a strategy note today, the research house said March was a good month for the FBM KLCI as the market gained 0.4% month-on-month (m-o-m) to close at 1,863 points.
It said the FBM KLCI also continued to outperform the broader market and small caps.
"It also outperformed the MSCI Asia Pacific ex-Japan index (MXASJ), which fell 1.8% m-o-m due to concerns over a US-China trade war.
"Malaysia emerged as one of the top performing equity markets in 1Q18.
"Media reports have mentioned that Parliament may be dissolved as early as this week, paving the way for GE14 to be held in early May," it said.
The research house said it believes the stock market performance immediately after elections will be largely determined by the degree of selling pressure during the campaigning period, and the actual polling results.
CIMB Research maintained its end-2018 FBM KLCI target of 1,880 points and top three picks (Axiata Group Bhd, Dialog Group Bhd and Westports Holdings Bhd).
http://www.theedgemarkets.com/article/stock-market-be-volatile-during-ge14s-campaigning-period-says-cimb-research
