The equities market inched up marginally last week, after closing down on 4 of the 5 trading days. The All Share index climbed by 0.01% WoW to close at 24,829.02pts. This week, we expect the overriding sentiment to be bearish as the market seems to have lost steam. Also, as Q2 earnings season inch closer, we envisage that investors will adopt a “wait and see” approach. However, we do not rule out pockets of bargain hunting activities as the prices of some heavyweight tickers present an attractive entry point for investors.
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