Market Pulse - 13Jul23 - Approaching 1,400

The FBM KLCI remained upbeat as the key index is now a hair away from the 1,400 psychological level on the back of the upbeat economic data. Gains were also driven by the foreign funds that have turned into net buying position for the first time in 7 trading days. The lower liners are also performing better on the back of the positive market sentiment as of late, which may have attributed to the rotational, supported by the broad-based recovery tune amid the rising commodities prices. Elsewhere, the softer US inflation data may provide near term impetus for further upsides, in our view. 

Grow your investment with us

Start investing with a single click.

Open Account