Daily Market Report (09 May 2019)

  • It is going be a volatile few days for equities and the Ringgit in view of the US tariff warning on China and the recent reduction in our OPR (overnight policy rate). Nonetheless, we remain positive on the equity market primarily due to the “push” by the government as seen recently.
  • We believe the government is now seriously looking to improve the ailing domestic economy and that the impending implementation of the mega projects as to kickstart their initiatives and expect more in the offing.