Trading On Local Bourse Cautious

The dissolution of the Parliament over the weekend paving way for GE15 should again ignite some buying interests in the Construction sector supported by the huge allocation in Budget 2023.

Trading On Local Bourse Cautious
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Trading on the local bourse will be cautious following yesterday’s broad based decline regionally as the FBM KLCI is expected to play catch down.

"Therefore, we anticipate the index to possibly trend within the 1,395-1,410 as technology stocks may face with some selling today.

KPMG: Advancing Sustainability In Budget 2023
Sustainability was certainly a key focus in the Budget 2023 proposals, with the Government’s intention to introduce Carbon Tax to drive the Environment, Social and Governance (ESG) agenda.

"The dissolution of the Parliament over the weekend paving way for GE15 should again ignite some buying interests in the Construction sector supported by the huge allocation in Budget 2023.

"Meanwhile, profit taking activities saw the Brent crude declined to around the USD96/barrel," says Rakuten Trade.