KLCI core earnings predicted to surge to 10.5% in 2024, from...

KLCI core earnings predicted to surge to 10.5% in 2024, from a 0.7% contraction in 2023. Stronger market earnings rebound of 13.2% expected in 2024. Prevailing external headwinds in 1H2024 could cause market volatility, with a likely rebound spurred by improved real GDP growth, a stronger ringgit, increased FDI, and corporate earnings growth. A stronger ringgit due to interest rate cuts and high FDI inflows expected to boost sentiment in the Malaysian equity market.