Market Pulse - Tripping Below The 1,530 Support

The FBM KLCI remained negative as investors continued to trade cautiously under the interest rate upcycle as well as intensifying inflationary pressure environment. We expect a range-bound trading on the local bourse prior to a series of economic data releases for the week including Malaysia’s unemployment rate, European Central Bank interest rate decision, as well as inflation data from China and US. Nevertheless, the overnight jump on Wall Street may shed a light on the local bourse, especially in the technology sector.