The M57A1 Army Tactical Missile System missile is fired over the cab of an M142 High Mobility Artillery Rocket System launcher. New battle conditions call for the Army to have precision lethal and nonlethal fires that can be fired from land to produce effects in all domains, as joint, multidomain operations are expected to be increasingly common. (U.S. Army photo)
The FBM KLCI is expected to trade sideways as investors await key regional CPI data. Lower-liner stocks may see heightened volatility due to escalating US-Russia tensions, especially after Putin’s warning about a lower threshold for nuclear weapons use and Biden’s approval for Ukraine to use US weapons within Russia. Globally, attention is on the UK’s inflation rate release. Locally, investors are focused on the ongoing quarterly results season. In sectors, profit-taking may occur in plantations after the CPO export tax hike, while technology stocks could attract interest following Nasdaq gains overnight.
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