Market Pulse - 18Apr23 - Turning Directionless

The FBM KLCI saw a mild pullback as investors remained wary of the global economic outlook and trading softer ahead of the festive break, while the defensive sectors such as the telco and utilities were clear winners. Meanwhile, the global sentiment was positive as Wall Street could be hoping for more positive earnings report this week, and regional markets may head higher as traders may be upbeat on GDP growth in China.