M+ Online
7th June 2022

Market Pulse - Profit Taking Persisted

The FBM KLCI slid for the third straight session as investors took further profits in the banking heavyweights, while picking up shares in technology and energy sectors. We believe the local bourse is poised for a mild turnaround supported by bargain hunting activities especially in commodity and technology stocks given the flat overnight Wall Street movements. Nevertheless, downside risks include global inflation and the prolong Russia-Ukraine conflicts.

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