Market Pulse - Reaching Out For 1,600 Again

The FBM KLCI extended its rebound, mainly buoyed by gains in banking heavyweights as investors shrugged off the negative tone across the regional markets and focused on the economic recovery following the reopening of travel borders. While foreign funds continue to support the local bourse, the overnight selldown on Wall Street may impact negatively in the technology sector. Investor may also monitor Malaysia’s inflation data which will be releasing later today.