Consumer, Banking and Tourism Stocks Likely To Get A Shot In The Arm

Investors may continue to put recovery-themed stocks on the radar, including consumer, banking, and tourism, Malacca Securities said in a note.

 Besides, it said that the commodities’ related counters are likely to stay upbeat on the back of elevated commodity prices environment.

The stockbroking firm said that another catalyst in the current market sentiment may include the speculated GE15 that will be held in the 2H2022, which may boost the trading activities in construction and building material stocks.

Reviewing the performance of Bursa, Malacca Securities said that the FBM KLCI finished higher for the second week as investors brushed off some concerns over the Russia-Ukraine conflict while looking forward to the reopening of the border on 1st April 2022.

The stockbroking firm expects the recovery-themed sector to remain resilient prior to this event. Meanwhile, the stockbroking firm said that commodity prices are likely to remain volatile on the back of the unresolved conflict between Russia-Ukraine and the Covid-19 related restriction in China where Shanghai will be on a lockdown mode in a few stages for 9 days.

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