M+ Online
21st June 2022

Market Pulse - Downward Pressure Uneased

The FBM KLCI extended losses amid mixed performance on regional bourses amid global recession worries. However, we believe stocks on the local bourse are oversold and could be due for bargain hunting opportunities, but overall market sentiment should remain challenging in the near term on the back of prospect of few more rounds of rate hikes; thus, the rebound might be short-lived.

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