Daily Market Report (3 July 2019)

  • Our Malaysian equity markets have seen some green shoots as KLCI has been steadily recovering to close at 1,691.00 and is likely to cross 1,700 points as we have seen five straight days of net foreign fund inflow amounting to RM468.8m into our markets recently.
  • We believe Maybank, which has been the laggard in the KLCI resurgence, should play catch up amongst the rise among the KLCI linked stocks. Currently trading at RM8.98 per share, Maybank is offering an attractive dividend yield of 6.35%.