Market Pulse - 20Oct23 - Selling pressure could persist

Sector focus: Technology stocks may be the focus today as the sentiment was negative with the weaker results from Tesla. Meanwhile, investors could be looking at defensive sectors such as Telco, Utilities, REIT and Consumer in the near term. We favour stocks with high net cash or stable dividends above 6% yield. Besides, we think the Energy sector could trade higher on the back of firmer crude oil prices. 

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