Weekly Market Review (13 May 2019)

  • Major markets ended on negative territory last week following the escalating trade tension between US and China. The Dow Jones Industrial Average index declined 1.9% or 496 points while Hong Kong’s Hang Seng Index lost 2.3% or 660 points.
  • Meanwhile, the FBM KLCI closed at 1,610.27 points, indicating a weekly loss of 1.4%. Weekly foreign funds flow continued with RM450.2m net outflow pushing YTD outflow to over RM3.3bn. Performance amongst the FBMKLCI components saw 26 losers to 4 gainers.
  • Top 3 performers include GENM (+1.27%), PCHEM (+1.02%) and PETDAG (+1.00%) while the top 3 losers were AXIATA (5.39%), AIRPORTS (-5.17%) and IOI CORP (-4.72%).