KUALA LUMPUR: Apex Securities Research is advising investors to stay defensive during this volatile period as rising US Treasury yields continue to take the shine off equities investment. The research firm said in a note that investors' risk appetite in the equity markets will continue to dwindle with expectations that interest rates will remain higher for longer. "Should these results beat estimates, buying support may emerge and put a pause to the recent selling tone," it said. At the opening bell, the benchmark FBM KLCI was up 0.16 points to 1,438.28, suggesting investors are staying to the sidelines. Most active counters included Metronic down 0.5 sne ot 1.5 sne, Revenue rising two sen to 23 sen and Alrich falling 0.5 sen to four sen.

Source: The Star October 24, 2023 11:37 UTC