The FBM KLCI underperformed its regional peers, due largely to final hour selldown in selected banking and commodity related heavyweights. Given the buying into the dip move on Wall Street, we expect some bargain hunting activities may emerge on the local front, especially in the technology stocks. Investors may watch out for Malaysia’s inflation rate and the US FOMC meeting minutes this week.

The FBM KLCI fell in tandem with most of the regional markets (except for China) due to concerns over elevated inflation and prolong Russia-Ukraine conflicts. Investors may remain cautious over the near term as current market sentiment could be exacerbated by the ongoing volatility on Wall Street. On a side note, Indonesia’s move to lift a ban on palm oil export could bring a relief to global market and lower the CPO price.

The FBM KLCI rebounded as investors continued to scoop up beaten-down shares, especially the banking heavyweights. Nevertheless, we expect market sentiment to remain fragile as volatility and selling pressure resumed on Wall Street on the back of inflation fears and weak results from retailers. Also, the hard-hit technology stocks may face further selloff under this interest rate hike environment. Nevertheless, we are slightly positive on the recovery-themed sectors.

The FBM KLCI extended its gains on the back of returned buying interest in selected commodity related heavyweights led by PMETAL. We are expecting that the broad-based recovery on the local bourse could extend in tandem with the (i) rebound on Wall Street overnight following the release of retail sales data in April and (ii) optimism on China’s announcement on easing lockdowns.

The FBM KLCI ended slightly higher despite the mixed sentiment on Wall Street. Given the persistent inflation worries, we believe the recent rebound could be short lived and we may anticipate selling pressure to emerge in the near term once the Fed’s quantitative tightening take place in June and this may affect the sentiment on the technology stocks. Back on the local front, we expect bargain hunting activities to emerge within the recovery-themed and plantation sectors ahead of the reporting season.

The FBM KLCI fell into the negative territory in line with the regional peers as investors remained jittery following the overnight tumble on Wall Street. Given the persistent inflation worries, we believe the selling pressure may prolong on Wall Street, translating to spillover selling activities on the technology sector. On the broader market, we expect bargain hunting activities to emerge in the recovery-themed and plantation sectors ahead of the reporting season.

The FBM KLCI rebounded with the bargain hunting activities in the plantation and banking sector; the latter propelled following the BNM’s announcement to increase the overnight policy rate by 25 basis points. We believe investors should brace for heightened volatility across global markets as Wall Street tumbled overnight in anticipation on a faster pace of interest rate hike and potential further tightening in monetary policies after the higher-than-expected inflation data was released. Nevertheless, recovery-themed and commodities related sectors may be favourable ahead of the quarterly reporting season.

The FBM KLCI bucked the downtrend in the regional markets, following the three straight session of decline, mainly powered by bargain hunting in telecommunication and selected banking heavyweights. We foresee investors to continue to buy the dip ahead of the earnings season, but overall market sentiment may be tested by concerns over (i) impact of Cukai Makmur, (ii) mixed performances on Wall Street overnight, and (iii) the upcoming BNM’s interest rate decision.