M+ Online
18th March 2022

Market Pulse - Rebound May Extend Above 1,600

The FBM KLCI notched higher as positive sentiment spilt over from the regional market after authorities from China and the US signalled cooperation plan on USlisted Chinese stocks and fading concerns over the Russia-Ukraine conflicts lifted the overall sentiment. We expect investors may continue the bargain hunting mode given the extended gains on Wall Street. Nevertheless, traders should remain cautious given the geopolitical risk between Ukraine and Russia still persists.

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