M+ Online
1st March 2022

Market Pulse - Back Above 1,600

The FBM KLCI outperformed the mixed regional bourses with significant gains despite the lingering geopolitical tensions. Despite the mixed sentiment on Wall Street, we believe the positive sentiment will continue on the local bourse, given the (i) increasing inflows of foreign funds, (ii) firmer crude palm oil prices which may translate to upside on the plantation sector and (iii) decent performance in the banking sector’s results. Nevertheless, upside might be capped with the unsettled Russia Ukraine geopolitical tension.

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