Market Pulse - 16Nov22 - Sentiment Turns Jittery

The FBM KLCI ended lower, underperforming the regional bourses as jittery sentiment prevailed ahead of GE15 and the foreign investors have turned net seller for the session. We believe the optimism from Wall Street overnight, which sparked by a cooler-than-expected October Producer Price Index in the US that signalled a cooler inflation environment may spilled over to the global stock markets. Nevertheless, local investors may remain cautious towards the GE15.