Cautious trade this month

CGS-CIMB Research 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.

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.