Market update: The FBM KLCI advanced as investors were on a bargain hunting mode in view of the calmer sentiment on the regional markets. Meanwhile, Wall Street climbed overnight on fading fears following Treasury Secretary Janet Yellen’s reassurance to avert further banking crises. The US Fed’s interest rate decision tonight will take the center stage and investors should remain cautious ahead of the conclusion of the meeting as aggressive rate hike or hawkish tone from the Fed is likely to hammer investors’ sentiment further. Commodities wise, the Brent crude oil price surged above USD75, while the CPO price hovered above RM3,750. Meanwhile, gold prices remained solid above USD1,900. 
 
Sector focus: The rallies in Wall Street may provide support to the local technology sector. Besides, the banking sector may continue to gain ground amidst easing fears overnight in the US. Investors may also favour the energy sector given the rebound in crude oil prices.

Stocks to watch: 
Technology: AIMFLEX, PENTA, VIS, VSTECS
Building material: CHINHIN, DANCO, SIGN
Property-related: MAXIM, MCT
O&G and Transportation-related: M&G, PERDANA
Others: AHEALTH, KTC, MINDA, SAMAIDEN, YENHER

Source: M+ Online

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