Market Pulse - 15Nov22 - Quick Profit Taking

The FBM KLCI surrendered gains and settled lower as investors took profit ahead of the GE15. Also, global investors should trade cautiously following the comments from the US Federal Reserve officials, reinforcing the view for further interest rate hikes to tame the inflation going forward. Back home, we believe the foreign buying may continue to support the local bourse, within the apolitical stocks as well as solid balance companies to weather through the inflationary environment.