M+ Online
16th February 2023

Market Pulse - 16Feb23 - Solidifying Above SMA200

The FBM KLCI outperformed the regional markets on the back of final-hour bargain hunting activities as well as the inflow from foreign investors. While Wall Street notched higher overnight, we believe the global sentiment could remain shaky in view of the strong retail data, which might indicate potential interest rate hikes by the US Fed going forward. However, closer to home, investors might be relatively positive prior to the earnings season and the re-tabling of Budget 2023.

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