Market Pulse - 10May23 - Downside Risk Cushioned

The FBM KLCI booked marginal losses amid tepid sentiment prior to the release of the US inflation data. Investors are likely to stay in a cautious mode following a mild pullback on Wall Street overnight. Closer to home, the local market may expect a gradual recovery with the foreign investors turned net buyer (5-day averaged net buying: RM70.4m) for the third consecutive day.