Daily Market Report (15 May 2019)

  • A more dovish statement by Trump on the trade war with China had sent positivity on Wall Street thus we may witness regional markets to trend higher today.
  • Locally the equity market is expected to see some bargain hunting activities with the FBM KLCI to test the immediate resistance at 1,620.
  • Malaysia being the worst performer on both currency and equity within the region is not expected to see any immediate reversal in fortune but we expect foreign direct investment (FDIs) especially from China will lent support on the stock market and currency in due course.