It appears that the recent pullback has come to an end and the local bourse is back on the recovery drive. Given that the sentiment is turning more positive as of late, buying momentum may likely to sustain. Still, we do caution that gains may be measured ahead of the Malaysia state elections, coupled with the renewed volatility on Wall Street. The lower liners are also on a better footing with rotational play resumed ahead of the quarterly reporting season. Going forward, investors will be keeping a close tab on China’s inflation rate and Malaysia’s retail sales data that will be releasing today.
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