Market Pulse - Slight Relieve

The FBM KLCI rebounded from a 4-day losing streak amidst mixed regional performances as investors scooped up beaten-down shares. Despite the rebound on Wall Street, we believe the market sentiment will remain cautious on the back of concerns over global supply chain crisis which may slowdown the pace of economic recovery. Meanwhile, under the current inflationary environment, investors may favour sectors that are benefitted from the commodity boom.