Weekly Market Review (10 Feb 2020)

  • Major global indices rebounded strongly last week following the heavy equities sell down amid the coronavirus outbreak.
  • Dow Jones Industrial Average Index gained 702.7 points while Hong Kong’s Hang Seng Index recovered more than 1,000 points to above 27,000 level for the week. 
  • On local front, FBM KLCI finished higher to end at 1,554.5. Weekly foreign funds were negative, posted net outflow of RM258m with year-to-date net outflow of RM396.3m.
  • There were 25 gainers versus 4 losers in FBM KLCI last week. The performers were Hong Leong Financial Group (+6.93%), CIMB (+6.19%) and AIRPORT (+5.58%). Top 3 losers were TOPGLOVE (-2.08%), GENTING (-1.82%) and PUBLIC BANK (-1.19%).