Market Pulse - Choppiness Prevails

The FBM KLCI ended flat, while more focus was seen in small cap and lower liners. As prospect of ending the Russia-Ukraine war remained uncertain following the little progress made on the peace talks earlier, we opine that the market will remain in a consolidation phase at least over the near term. However, investors may focus on the reopening of borders in April and the declining Covid-19 cases on the local front; these could provide potential trading opportunities within the recovery-themed stocks.