KUALA LUMPUR (Nov 11): Inter-Pacific Securities Sdn Bhd said despite remaining oversold, there are still few signs of a rebound among Bursa Malaysia stocks as yet. In addition, it said market players are waiting for the 3Q2021 GDP to be released tomorrow to gauge the state of the country’s economy that could also provide some market cues. “Therefore, market players are likely to remain on the sidelined until there are further signs of market recovery before making a return. Inter-Pacific said in the broader market, conditions are also insipid that could also leave the downside bias intact for longer. “Most market players are still wary of the prevailing market uncertainties, and they are likely to reduce their stock market exposures until sentiments improves,” it said.

Source: The Edge Markets November 11, 2021 13:29 UTC