M+ Online
20th June 2022

Market Pulse - Trudging Lower

The FBM KLCI extended its whipsaw moves on Friday in a broad sell-off amid growing worries on inflationary pressure and recession fears. As sentiment on Wall Street remained fragile following the mixed performance overnight, we foresee investors to remain cautious in the near future. Any of the rebound move is likely to be short-lived as traders might be adopting a selling-into-strength strategy for now. The head of NATO warned of a long Russia-Ukraine war, which may prolong inflation and further derail global economic recovery.

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