Market Pulse - 30Jun23 - Attempting To Find A Footing

The FBM KLCI closed marginally higher, snapping its three-session losing streak amidst improved sentiment across the regional markets. We believe the local bourse is poised for further rebound, but gains may be capped as investors cautiously monitor the upcoming personal consumer expenditures price index in the US to gauge the aggressiveness of next interest rate hike by the US Fed.

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