Market Pulse - 16Jan23 - Extended Its Upbeat Momentum

The FBM KLCI notched gains for the third consecutive session as investors took cue from the bullish sentiment on Wall Street following a cooler inflation data. As the market rebounded on Wall Street after better-than-expectation results were seen in banking counters, the positive trading sentiment may spillover to our local front. Meanwhile, traders may focus on China’s reopening theme, while awaiting Malaysia’s inflation rate and the Bank Negara interest rate decision this week.