M+ Online
4th November 2022

Market Pulse - 4Nov22 - Grappled By Renewed Volatility

The FBM KLCI plunged after the hawkish remarks from the US Fed; foreign investors turned net seller as outflows from Malaysia accelerated (5-day net foreign selling: -RM114.5m). We believe the local bourse performance may be impacted by the gloomy sentiment over the near term as investors anticipate further interest rate hikes by the US Fed to tackle inflation, contributing to the recession fears. However, investors may position themselves ahead of the GE15 event and the November reporting season.

Ready to start trading?

Open an Account with M+ Online and begin your investment journey today

Register Now
Recent Posts