M+ Online
6th March 2023

Market Pulse - 6Mar23 - Absence Of Follow-through Buying Interest

The FBM KLCI settled lower on Friday as profit taking activities re-surfaced, bucking the positive performances across regional markets. Global risk appetite improved, but still awaiting comments from the US Fed officials which will provide clues for the future rate hike directions during congressional testimony. Nevertheless, the market has priced in the solid ISM manufacturing data, which should contribute to at least a positive short term trading environment. Meanwhile, investors may keep an eye on Bank Negara Malaysia’s interest rate decision this week.

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