The FBM KLCI opened lower due to cautious sentiment. The index was further weighed down by losses in CIMB and PPB. Most indices traded in the red, reflecting the bearish mood. However, amidst the sea of red, the property sector emerged as a bright spot. Meanwhile, the drop seen in gloves today seemed to be at a more controlled pace as compared to yesterday.
For investors looking to gain exposure within the property sector, SIMEPROP (Target Price: MYR 1.66) and ECOWLD (Target Price: MYR 2.43) are potential opportunities. For the full report, stock ideas and market flows, access Discover Tab on Maybank Trade MY app.
Trade Your Way Forward. Simple, Smart, and Seamlessly
#Middayrecap