M+ Online
11th May 2022

Market Pulse - Signs Of Bargain Hunting

The FBM KLCI bucked the downtrend in the regional markets, following the three straight session of decline, mainly powered by bargain hunting in telecommunication and selected banking heavyweights. We foresee investors to continue to buy the dip ahead of the earnings season, but overall market sentiment may be tested by concerns over (i) impact of Cukai Makmur, (ii) mixed performances on Wall Street overnight, and (iii) the upcoming BNM’s interest rate decision.

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