Weekly Market Review (19 Aug 2019)
- Regional markets were generally positive while Dow Jones has registered a small loss - 0.08% to 25,886.01 points with no major negative news from the ongoing trade concern between US and China and the recovery of US bond yield hitting all time low.
- The FBM KLCI managed to recoup some losses from sell down, inching up 6.3 points or 0.40% for the week to 1,599.22 still below the all-important 1,600 level.
- Foreign funds continued its cautious stance on emerging markets with our markets seeing RM598m net outflow compared a more severe of over RM1bn outflow last week. Performance amongst the FBMKLCI components saw 19 gainers to 11 losers.
- Top 3 performers include DIALOG (+4.13%), SIMEPLT (+2.17%) and KLK (+1.95%) while the 3 losers were HLFG (-2.20%), AMMB (-1.76%) and PETDAG (-1.72%).
