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22nd November 2022

Market Pulse - 22Nov22 - Submission Of PM Candidate In Focus

The FBM KLCI reversed lower as investors await the formation of the new government; foreign investors remained as net seller for the fourth session. The local bourse may stay in the consolidation mode with the focus on the political scene while eyeing the nomination of the next PM candidate. Meanwhile, the global sentiment was dampened by worries over global growth slowdown after China imposed a stricter Covid-19 curbs.

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