Market Pulse - Volatility Remains A Feature

The FBM KLCI retreated amidst the mixed regional market, as the sentiment remained negative, tracking the performance on Wall Street overnight. Moving forward, we expect market to consolidate over the near term given the (i) unresolved Russia-Ukraine tension and (ii) monetary policy decision from the US Federal Reserve this week will be watched closely. Should the Fed turn less hawkish in the upcoming meeting that may push the market higher going forward.