Market Pulse - 20Dec22 - Window Dressing May Lift Stock Markets

The FBM KLCI closed lower in tandem with the regional bourses as lingering recession fears continued to weigh on sentiment due to the rising interest rates environment throughout the globe. While bearish sentiment persisted on the global front, we believe the passing of the motion of confidence for the 10th Prime Minister will strengthen the confidence of investors on the local bourse moving forward.