Market Pulse - 7Aug23 - Ending the week on a positive note

Bargain hunting activities alongside the return of foreign funds drove the key index higher as the positive performance was also in line with the mostly higher regional markets. We reckon that the key index may attempt to build onto last Friday’s gains, given that sentiment across regional markets has shown signs of improvement. The lower liners may remain in the consolidation phase with investors prepped for a barrage of quarterly corporate earnings releases, whilst trading activities dwindled. For now, investors should trade in a cautious undertone ahead of the Malaysia states election till the end of the week. 

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