“The uptick in FBM KLCI is a respite ahead of the key overnight policy rate (OPR) decision today and the upcoming gross domestic product data announcement on Friday which many expect to be encouraging,” he said, adding that investors would also be watching how first-quarter corporate earnings shape up in the coming weeks," an analyst told StarBiz.
PETALING JAYA: The outlook for equities remains lacklustre on selling pressure over the short term as sentiment is weak amid uncertainties arising from aggressive US interest rate hikes, geopolitical tensions and potential slowdown in China’s economy.
“Investors are still in a risk-off mode, as there are just too many uncertainties in the current environment. Hence, we are seeing investors shunning equities to safer assets,” an analyst with a local brokerage told StarBiz.
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