Market Pulse - Spurred By Strong GDP Data

The FBM KLCI recovered from its three-session losses on bargain hunting activities, especially in banking and energy heavyweights. Global sentiment remained mixed as investors are likely to pay attention to the US inflation rate which will be released this week; this may determine the direction of the interest rate going forward. Meanwhile, the local bourse should focus on the earnings reporting season as well as the re-tabling of Budget 2023.