M+ Online
20th April 2022

Market Pulse - Profit Taking Activities Still Persist

The FBM KLCI marked a third session of decline amid mixed regional sentiment as traders took profit prior to the public holiday; financial stocks lagged within the broader market. However, we expect the bargain hunting activities to emerge on the local bourse amid declining Covid-19 confirmed cases, coupled with the rebound on Wall Street overnight. Meanwhile, the acceptance of the highway deal by GAMUDA may trigger some buying interest within the construction and building material segments.

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