Market Pulse - 28Jun23 - Weakness Prevails

Final-hour profit taking activities pulled the FBM KLCI into its third-session losses despite an overall positive performance across the regional markets after Beijing commented on policies to support the economic growth going forward. We believe a turnaround on Wall Street overnight after the consumer confidence for June hit a 17-month high will support bargain hunting activities on the local bourse. Commodities wise, the Brent crude oil is trading below USD73, while the CPO price hovered above RM3,650. 

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