Market Pulse - 21Sep23 - Sentiment to stay negative after FOMC

Sector focus: As the Fed has given a slightly hawkish outlook in the FOMC meeting, we expect the sentiment on the technology sector could be negatively affected at least for the near term. However, we still favour stocks that are related to the NETR and NIMP blueprints. Traders may still focus on industrial products and renewable energy industries. Besides, we believe investors may take the opportunity within the construction, property and building materials segment heading into the tabling of Budget 2024 next month. 

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