Market Pulse - 12Apr23 - Improving sentiment

The FBM KLCI strengthened for the third straight session amid regional markets’ rallies on hopes of a less-hawkish tone by central banks following the Bank of Korea’s move to keep the interest rate unchanged. Whilst the sentiment on the local bourse appeared firmer on the back of prevailing bargain hunting activities, upside may be capped before the release of the US inflation data later tonight.