Market Pulse - No Reprieve

The FBM KLCI slumped in line with the weaker performance across regional bourses as investors were trading cautiously ahead of the FOMC meeting, where the officials will discuss about the monetary policies such interest rate direction moving forward. Nevertheless, following the V-shape rebound on Wall Street as most of the stocks were significantly oversold, we expect bargain hunting activities to emerge on the local bourse today, especially within the technology sector.