Market Pulse - 26Oct23 - Shifting focus towards earnings season

Sector focus: We expect the selling pressure to pick up within the Technology sector following the sharp selldown on Wall Street. Besides, traders may position into the Energy sector following the spike in Brent oil prices amid prolong Middle East tension. Meanwhile, as the USD strengthen against MYR, investors could focus on the export-related industries such as gloves and furniture stocks. For defensive theme, we reckon investors to accumulate stocks within the Telco and Utilities sectors with solid net cash and stable dividend payout. 

Grow your investment with us

Start investing with a single click.

Open Account