Daily Market Report (12 Sept 2019)
Daily Market Report (12 Sept 2019)

Daily Market Report (12 Sept 2019)

  • It is going to be an interesting few weeks as both the US and China are showing signs of relenting from their tariff war. Meanwhile President Trump urged the Federal Reserves to further lower the rates to near zero which many may view as a boost to the equity market.
  • Locally we may see buying on the local bourse to continue from yesterday’s uptrend as foreign funds seems to have made a U-turn on Malaysian equities. We maintain on cautious mode and anticipate the FBM KLCI to see some resistance at the 1,610 level.