Daily Market Report (15 Nov 2019)
- Equities are not going anywhere for the time being judging by the performance on Wall Street.
- The lack of catalysts couple with the fluid stance between the US and China, we believe investors would rather stay sidelined.
- Meanwhile the Ringgit has also weakened to around the 4.15/US$1 level from 4.12 in tandem with the Chinese renminbi which had crossed the 7.0 threshold again.
- Locally, we reckon the market to trend on a narrow range of between 1,595/1,600 in view of prevailing murky situation.
