M+ Online
14th April 2022

Market Pulse - Quick Profit Taking Sapped Gains

The FBM KLCI ended flat on the back of mixed sentiment across regional markets. Sentiment however, turned positive in the US despite the accelerated inflation as investors focused on the upcoming earnings season. On the local bourse, we believe the elevated crude oil and CPO prices will continue to bode well for the energy and plantation counters, while the increasing demand for traveling following the reopening of travel borders will support the economic recovery going forward.

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