Volatility took precedence with the key index wiping out all the previous 2 sessions of gains yesterday. Sentiment was roiled by the weakness on Wall Street overnight, while foreign funds have turned net selling for the first time in 9 trading sessions. The lower liners were not spared as profit taking activities emerged following the recent winning run. Looking ahead, investors will be keeping an eye on the key economic data; Malaysia’s 2Q23 GDP data set to be released today. We believe the market may cheer should the reported number that came above the Bloomberg consensus expectations of 3.6% YoY growth.
Start investing with a single click.