Market Pulse - 14Nov22 - Spurred By Solid 3Q22 GDP

The FBM KLCI notched higher on Friday, fuelled by optimism over Malaysia’s 3Q2022 economy growth as well as the significant global markets recovery move. We reckon that the local bourse should remain resilient, taking cue from the buoyant Wall Street over the weekend. Still, investors may pay attention to the US economic data such as the US retail sales as well as jobs data as that may provide more insights into the aggressiveness of upcoming rate hikes.