Market Pulse - Momentum Is Building Up

The FBM KLCI rose in tandem with the regional peers on the back of continuous bargain hunting activities. As Wall Street saw a recovery overnight, we expect to see improving trading activities on the local front, especially the technology sector with Nasdaq trading above 12,000. Nevertheless, we expect traders to remain cautious going into final 2 days of the reporting season. On a sidenote, the FBM KLCI semi-annual review will be announced on 2nd June 2022.