Market Pulse - 12Jun23 - Signs Of Mild Stability

The FBM KLCI edged higher, buoyed by selected Petronas-related, telecommunications and banking heavyweights. Ahead of the US Fed FOMC and the US CPI data, regional markets and Wall Street were largely trading in the positive territory, anticipating that the US Fed could be keeping the interest rates at this level in view of softening of the US CPI print. We believe the gains last week may continue to spillover to our local bourse, but gains might be capped ahead of the 6 states elections.

Grow your investment with us

Start investing with a single click.

Open Account