Following the conclusion to the political impasse, sentiment on the market is expected to remain bullish while foreign investors have snapped a six-day selling streak to turn net buyers in the previous session.
With US markets being closed on Thursday due to its Thanksgiving Holiday, there was also an absence of leads from Wall Street, which had previously rallied on the back of indications the Federal Reserve may dial back the pace of interest rate hikes. "After this GE15 event, we expect a broad-based buying interest into GLCs, while traders could focus into the construction and building material segments ahead of the re-tabling of Budget 2023.
Bank stocks were seen continuing their upward momentum. Maybank rose six sen to RM8.82, Public Bank gained seven sen to RM4.59, Hong Leong Bank added 12 sen to RM20.82, CIMB gained two sen to RM5.89 and RHB put on two sen to RM5.69.
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