Since the pre-budget 2022 rally, the FBM KLCI did in fact touch 1,600 twice. Since then it has been on a downtrend where the market has been struggling to find the bottom. If any retail investors have been averaging down along the way, probably one would have run out of bullets by now.
AS the FBM KLCI breached below 1,500 and fell into correction territory last week, the broad based market selloff appear to have spooked many retail investors.
To gauge sentiment, it is easy to realise how many of them are in fact hesitant at this juncture to take a position while some are even considering to cut losses and throw in the towel.
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