Daily Market Report (16 Jan 2020)
- US markets continued its renewed optimism as it closes above 29,000 level on the signing of phase one trade deal. News of Trump may propose tax cut 2.0 sent the markets higher with further stimulus in the pipeline to continue feeding the bull market.
- Regional market is likely to follow the positive sentiments overnight at US markets.
- On the local front, FBM KLCI continue to lag behind the small mid cap stocks and tech related sector while we believe investors should take a look at laggard tech related stocks and construction stocks for the next rotational play.
