Daily Market Report (18 Nov 2019)
Daily Market Report (18 Nov 2019)

Daily Market Report (18 Nov 2019)

  • Despite some positive developments from the US China Tariff discussion, we believe the situation remains fluid and remain unconvinced until more concrete evidence surfaces.
  • With Wall Street charting all time highs, we reckon the US market is running ahead of its fundamentals hence becoming more susceptible to the slightest of negative newsflow.
  • As such, we would maintain our cautious stance and prefer to stay sidelined for the time being.
  • On the local front, there may be some buying activities today but the benchmark FBM KLCI should see some headwinds towards the 1,600 mark.