M+ Online
3rd March 2022

Market Pulse - Finding Stability

The FBM KLCI chalked up marginal gains led by the energy, plantation and metalrelated index components amid soaring commodity prices. We believe the key index is likely to hold its gains on the back of (i) the sharp rebound on Wall Street overnight following the US Federal Reserve supporting smaller rate hikes going forward, (ii) surging crude oil prices after a global agreement to release crude reserves failed to calm fears over supply disruptions, and (iii) likelihood for Bank Negara to hold the interest rate until end-June.

View Document
Ready to start trading?

Open an Account with M+ Online and begin your investment journey today

Register Now
Recent Posts