Market Pulse - 23Sep22 - Sentiment Still Fragile

The FBM KLCI tumbled on the back of weaker sentiment which caused a selldown globally triggered by the ongoing hawkish tone by the Fed. As investors continued to price in more aggressive interest rate hike going forward, we believe the local bourse is likely to stay cautious and remain downward bias. Meanwhile, investors may watch for Malaysia’s inflation rate to gauge the upcoming OPR outlook by the BNM.