Market Pulse - 13Sep23 - Taking a breather ahead of CPI

Sector focus: We believe technology stocks on the local bourse could experience some selling pressure taking cues from Nasdaq negative performance coupled with UWC’s weaker financial results. Meanwhile, we still expect the trading tone to stay firm within the O&G sector with the decent surge in Brent oil prices. Also, traders may take the opportunity to look into defensive characteristic sectors such as consumer and REIT.