Market Pulse - 19Sep22 - Sapped By Quick Profit Taking

The FBM KLCI slipped into the negative territory at the closing bell on Friday as sentiment remained fragile prior to the Malaysia Day holiday weekend. All eyes should be on the US Fed’s September meeting and Malaysia’s inflation rate this week. Hence, the local bourse may continue to see sideways trading tone along with the regional peers as investors preparing for further interest rate hikes by the US Fed.