Daily Market Report (13 Nov 2019)
- Ongoing turmoil in Hong Kong coupled with the US China trade talk that had stagnated thus far would continue to afflict some volatility onto the equity markets.
- We reckon the local bourse to trade within a narrow range and envisage the FBM KLCI to trend between 1,605/10 over the immediate period.
- Over to the ongoing results for the 3Q and so far corporate Malaysia have done pretty well which should induce some upward revision to corporate earnings for 2019.
- Judging from the recent dip in Ringgit against the USD, foreign funds may be in our markets but without much conviction.
