Market Pulse - 5Jan22 - Timely For A Rebound

The FBM KLCI wobbled into the negative territory as lack of fresh catalyst coupled with the persisted fears over global recession prompted the cautious trading environment. We believe the subdued trading tone could be temporary as the local bourse should poised for recovery on bargain hunting activities as Malaysia government re iterated that it will only tighten the Covid-19 SOP without discriminating against any nation; this should provide a boost towards our economic activities.