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1st December 2022

Market Pulse - 1Dec22 - Driven By MSCI Quarterly Rebalancing

The FBM KLCI rebounded in tandem with the regional bourses as bargain hunting activities emerged in the mid-day trade. With the strong surge on Wall Street, the positive sentiment may spillover to stocks on the local exchange; buying interest has returned following the US Fed Chair’s speech on scaling back the pace of interest rate hikes as well as the easing restrictions in selected region in China. Meanwhile, on the local front, investors may monitor the formation of the Cabinet and the re-tabling of Budget 2023.

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