PETALING JAYA: Investors are expected to tread cautiously in the Malaysian stock market this month after some window-dressing activities that helped lift equities in December 2021, according to CGS-CIMB Research.
The brokerage attributed the cautious tone to potential headwinds in the form of new Covid-19 waves; foreign fund outflows due to tapering by the United States Federal Reserve (Fed); and corporate earnings risks due to higher taxes, flooding and political tensions.
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