,Commenting on sectors to invest in, Trident Analytics chief research officer Peter Lim Tze Cheng told StarBiz he believes such sectors include those which are in the recovery game, namely, financial, building materials, industrial products and consumer sectors.Usdt第三方支付接口（www.trc20.vip）是使用TRC-20协议的Usdt第三方支付平台,Usdt收款平台、Usdt自动充提平台。免费提供入金通道、Usdt钱包支付接口、Usdt自动充值接口、Usdt寄售回收。菜宝Usdt钱包一键生成Usdt钱包、一键调用API接口、一键出售Usdt。
PETALING JAYA: Investors should accumulate stocks, despite the plunge in the market.
“Whenever the sentiment is all doom and gloom, it usually signifies the bottom of the market or close to the bottom,” Trident Analytics chief research officer Peter Lim Tze Cheng told StarBiz, adding that it was the best time to find stocks with good company fundamentals and collect them.
He said the strategy for investors should be to “collect” stocks.
Commenting on sectors to invest in, he believes such sectors include those which are in the recovery game, namely, financial, building materials, industrial products and consumer sectors.
Despite opening higher at the start of the opening bell, the FBM KLCI succumbed to profit-taking activities yesterday as the key index lingered mostly in negative territory.
At 5pm yesterday, the 30-stock index plunged 26.78 points, or 1.84% to 1,431.10.
The index opened 3.25 points higher at 1,461.13 yesterday.
Market breadth turned negative as losers overpowered the gainers on a ratio of 640-to-255 stocks.
Traded volumes rose to 2.72 billion shares, valued at RM1.9bil as profit-taking activities took control. Along with investors’ profit-taking, dealers said investors were also concerned about the the risk of recession arising from global inflation.
Mercury Securities expects global equities to remain volatile in the short term amid fears of persistently high inflation forcing central banks across the world to raise rates at a more rapid pace.
On Bursa Malaysia, Nestle tumbled RM2 to RM132.50, Malaysian Pacific Industries shed RM1.92 to RM26.86, Kuala Lumpur Kepong lost RM1.30 to RM22.14 and Petronas Dagangan fell 56 sen to RM20.50.
Consumer stocks dominated the gainers’ list on Bursa Malaysia. Dutch Lady rose 42 sen to RM33.10, Heineken Malaysia added 28 sen to RM23.70 and Carlsberg gained 22 sen to RM22.02.
Among the banks, Maybank lost five sen to RM8.60, Public Bank fell seven sen to RM4.40 and CIMB declined six sen to RM4.90.