Market sentiment remained upbeat on May 25 which saw the KL Composite Index hitting a fresh high since September despite the weaker set of earnings during the January-March quarter.
Investors are trying to look beyond the second quarter as they expect a turnaround in the later part of this year. However, this optimism would also hinge on the economic fundamentals of the major developed countries and China.
Bank Negara will announce its overnight policy rate (OPR) at the monetary policy meeting on May 26 but the consensus is that it would stick to its current policy of 2%. The central bank is scheduled to announce the first quarter GDP data on May 27.
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