Market Pulse - 5Apr23 - Recovery Stalled By Quick Profit Taking

The FBM KLCI slipped into the negative territory as investors pocketed profit from the recent uptrend. Meanwhile, the global stock markets may remain shaky as investors turned cautious while assessing the impact of the resilient crude oil price. Meanwhile, the latest job openings report in the US that suggested the labour market is slowing becomes another source of uncertainties.