More volatile market ahead. We expect the market volatility to continue due to changing external factors including rising interest rates, fluctuating exchange rates, rising commodity prices, and balanced against the global economic recovery. Athough the benchmark FBM KLCI is still positive (+4.7%) YTD, we note that most of the top 30 stocks (including banks, plantation, power and telecom) have been relatively lacklustre over the last two months, as investors focused on the smaller caps.
Market Update - Taking Stock - Position For More Volatility Ahead
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