Market Pulse - 28Oct22 - Taking A Breather

The FBM KLCI retreated as profit-taking activities emerged amid mixed regional performances led by 
plantation heavyweights. Given the mixed sentiment on Wall Street following the selldown in tech giants in the US, coupled with the interest rate hike by the European Central Bank, we believe the negative sentiment may spillover to the local front and the FBM KLCI could have limited upside potential for the near term.