Given the outcome of the Malaysia state elections was within expectations, the local bourse did not see further significant selling pressure and ended flat; we expect the overall sentiment will be able to trade higher over the near to mid-term. Also, with the positive performance on Wall Street, we think the investors may look into the technology stocks on the local front. On a brighter note, we have observed buying interest shifting towards the small and mid-cap stocks. Looking ahead, investors may keep a close tab on a slew of China economic data (retail sales, industrial production, and unemployment rate) to gauge the health of the second world largest economy.
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