M+ Online
20th February 2023

Market Pulse - 20Feb23 - Resurgence Of Volatility

The FBM KLCI consolidated further last Friday amidst bearish sentiment across the regional markets. However, we believe bargain hunting activities may emerge on the local bourse after a broad-based selldown ahead of the re-tabling of Budget 2023, but the global sentiment could weighed further by renewed concerns over expectations of larger interest rate hikes going forward. This week, investors may keep an eye on the US FOMC minutes, US GDP growth rate (second estimates), Eurozone’s inflation rate, Malaysia’s inflation rate, as well as the re-tabling of Budget 2023.

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