Daily Market Report (1 Aug 2019)
Daily Market Report (1 Aug 2019)

Daily Market Report (1 Aug 2019)

  • Though the quantum of revision is very much expected, the less than dovish comments from the Feds following a 25bps rate cut may not be too positive for the equity markets.
  • Nonetheless, the markets have already imputed such impact thus may consolidate further in the absence of any fresh catalysts.
  • Yesterday the local bourse saw a net foreign outflow of RM339m.