Market Pulse - 27Jun23 - Not Taking Further Strides

The FBM KLCI pared all its intraday gains and slid into the negative territory amidst weaknesses across the regional markets. The local bourse may endure further volatility as Wall Street continues to swing lower while investors monitor the (i) developments in Russia, (ii) the potential interest rate hikes in the upcoming July Fed meeting which may create more economic uncertainties, as well as (iii) the upcoming US 1Q23 GDP.

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