M+ Online
25th April 2022

Market Pulse - Re-capturing 1,600 Once More

The FBM KLCI registered its third-session gains on Friday as the optimism in banking heavyweights overshadowed the concerns over weakness across regional markets. However, we expect the overnight tumble on Wall Street may weigh on the local sentiment, especially within the technology sector as the Nasdaq fell below the key 13,000 level. Meanwhile, we expect the Indonesia banning the export of palm oil to ease domestic shortages of cooking oil may boost the sentiment for FCPO.

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