Equity market could get caught in range-bound mode

PETALING JAYA: While prevailing uncertainties such as the US interest rate direction, oil price movement and goods and services tax (GST) implementation will continue to overshadow market sentiment, the upcoming 11th Malaysia Plan (11MP) and Invest Malaysia (IM) conference might give the local market a boost.

Kenanga Research analyst Chan Ken Yew, who has a “neutral” call on the second quarter, said the supportive domestic excess liquidity condition and improving investor sentiment should limit the market downside.