M+ Online
26th May 2023

Market Pulse - 26May23 - Approaching Oversold

The FBM KLCI remained subdued on the back of persisted selling pressure in the banking and plantation heavyweights. We believe bargain hunting activities may emerge on the local bourse as the US economy showed no signs of recession following the release of higher-than-expected GDP data for 1Q23. Meanwhile, Malaysia’s inflation rate will be in focus today.

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