Market Pulse - 27Mar23 - Tripped Below 1,400

The FBM KLCI slumped, taking cue from the subdued trading activities on the regional markets. However, the resumed buying interest on the Wall Street indices overnight may indicate investors’ confidence and could spillover to our local bourse. Hence, we believe that some bargain hunting activities are likely to emerge despite the worries over the banking sector. Meanwhile, the US consumer confidence and 4Q22 GDP growth rate should take the center stage this week.