Weekly Market Review (15 July 2019)
- Regional markets were mostly in positive territory with US markets continued its record high closing on the back of the hopes of rate cut after dovish comments by the Feds. The DJI continued its positive run surging 1.96% or 525.89 points to 27,332.03.
The FBM KLCI succumbed to profit taking easing 8.19 points for the week to 1,669.45. Foreign funds flow continued to be positive for the week with 84.93m inflow.
Performance amongst the FBMKLCI components saw gainer 15 losers to 12 gainers. Top 3 performers include PMetal (+2.09), MISC (+1.25%) and MAHB (+0.92%) while the 3 losers were CIMB (-3.35%), PetDag (-3.05%) and PetChem (-2.09%).
