Market Pulse - 29May23 - Finding A Floor

The FBM KLCI booked marginal gains after enduring a volatile session following the softer CPI data for Malaysia in April 2023. In light of the brighter outlook of US debt-ceiling deal, bargain hunting activities may emerge on the local bourse, tracking the rallies on Wall Street last Friday. Investors may also monitor Malaysia’s and US S&P Global Manufacturing PMI, as well as US unemployment rate this week.

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