Daily Market Report (30 Dec 2019)
- With Wall Street remaining at solid footing, we believe more funds would be channelled into equities as window dressing activities were rather prevalent last week regionally.
- As such, we reckon accumulation of stocks to persist namely in Malaysia as the local stock market has been the worst performer within the region for 2019 thus far down by 4.7%.
- Hence, we envisage the FBM KLCI to maintain its upward momentum towards the 1,620 mark before closing for the year.
