M+ Online
31st May 2022

Market Pulse - Minor Pullback

The FBM KLCI ended slightly lower on profit taking activities within selected consumer and plantation heavyweights. We expect investors to reassess the corporate earnings and reposition on solid companies as we are heading into the final day of reporting season. Meanwhile, we expect the easing of restrictions in China will help the market sentiment overall. Hence, buying support should emerge within the technology and recovery themed sectors. Nevertheless, upside on the broader market may be kept as traders be focusing on the inflationary pressure that may dampen the corporates’ margins.

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