The FBM KLCI was traded higher due to the MSCI semi-annual review and we noticed trading value surged above RM6.12bn for the session with positive foreign inflows. Nevertheless, we believe the global sentiment may remain tepid as (i) Ukraine-Russia tension persists and (ii) elevated crude oil price may continue to put soaring inflation in focus; these factors may limit the upside potential on the recent relief rebound.
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